Gravity Payments CEO Dan Price Raises

Minimum Wage

Capitalist World's Sore Spot

US CEOs earn 331 Times as much as

Average workers

US CEOs earn 331 Times as much as

Average workers

774 Times as much as Minimum Wage

workers

774 Times as much as Minimum Wage

workers

US Government's Efforts

2010 – US Congress directed SEC to

require public companies to provide

information on ratio of CEO pay to average

employee wages.

Mandate put on hold after corporate

executives strongly opposed it.

Finally approved in August, 2015.

Gravity CEO Dan Price's Solution To Pay

Inequality?

Raises minimum wage of all employees to

$70,000/year

His inspiration?

“...The idea to almost double the minimum

pay of my employees started after a friend

shared how hard it is to pay rent and

student loans and make ends meet on a

$40,000 annual salary...” Dan Price, CEO.

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Skeptics branded Mr. Price as Socialist.

Divided opinions among staff and clients.

Partial Employee Support

Mixed Emotions In Higher Ranked Staff

Clients' Fears

Some clients unhappy since they expect to

suffer higher charges or poor customer

service.

Clients' Support

Some remain loyal, while others who share

same vision as Price also signing on with

Gravity Payments.

Business Sacrifices

To enforce this raise, Dan Price reduced

his salary from roughly $1 million to

$70,000.

Personal Sacrifices

Dan Price now leasing his house to make

ends meet.

He's now being

sued by his brother,

Lucas Price, on

charges of ignoring

the latter's rights as

minority

shareholder before

making this

decision.

Other Side Of The Coin

Some claim extent of pay gap problem to

be exaggerated.

Even if only 0.8% of Americans earn

Minimum wage according to statistics,

CEOs still earn 331 times more than

Average workers.

So, are you with Mr. Price? Or are you part

of the other side of the coin?