Last April, our CEO, Dan Price, surprised all of us when he decided to raise the minimum wage for the entire team to $70,000. A year later, we decided to turn the tables and give him a taste of his own medicine. All of us pitched in in some small way and bought Dan his dream car – a Tesla.
Gravity Payments CEO Dan Price took a salary cut from $1.1 million to $70,000 last April, allowing him to pay every employee at least $70,000 a year. Now his employees have pulled an impressive stunt to thank him.
The Seattle-based payments processing company announced on its Facebook page today that it had gifted Price a Tesla Model S.
“This was a special way for us all to thank him for all of the sacrifices he’s made and challenges he’s faced for each of us. Through all of the successes and challenges of the past year, Dan has never once put himself first,” read the post, which includes a video of Price accepting the surprise gift.
This is just one small piece of what’s happened in the past year. We’ve just released early results from the $70K minimum wage decision, which you can find at http://www.thegravityof70k.com