TIL CEO Dan Price cut his $1.1M salary to $70K so all employees would earn at least that much. Critics called him a “socialist lunatic" and predicted the company would go bankrupt but the move paid off: Revenue tripled, employee turnover fell, workers paid off debt, bought homes and started families
#til #todayilearned
https://www.reddit.com/r/todayilearned/comments/1ml4l89/til_ceo_dan_price_cut_his_11m_salary_to_70k_so/


The boss who put everyone on 70K
A tech boss introduced a $70,000 minimum salary for all his staff - by cutting his own wages. Five years, on he has no regrets.























