Current Events > This CEO raised the minimum salary of his employees to $70k

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Hanky_Bannister 09/26/19 11:40:12 AM #1:	this is a nice story https://www.cnn.com/2019/09/25/business/gravity-increases-employee-minimum-salary-to-70k-trnd/index.html A maverick CEO who slashed his own salary four years ago to raise his employees' pay is doing it again. Dan Price, the head of Seattle-based Gravity Payments, said Tuesday that all of the employees in the company's new Boise, Idaho, office will earn a minimum annual salary of $70,000 by 2024. higher wages have transformed the lives of his employees. They have been able to grow their families, more than 10% of employees have purchased a house for the first time and individual 401(k) contributions have more than doubled. --- "3rd Best Whiskey in Northern Burma" https://www.youtube.com/watch?v=hvjOu4EzjYg <cite>Hanky_Bannister posted [p:927971672] in This CEO r... [t:78043158]...</cite> <quote>this is a nice story https://www.cnn.com/2019/09/25/business/gravity-increases-employee-minimum-salary-to-70k-trnd/index.html A maverick CEO who slashed his own salary four years ago to raise his employees' pay is doing it again. Dan Price, the head of Seattle-based Gravity Payments, said Tuesday that all of the employees in the company's new Boise, Idaho, office will earn a minimum annual salary of $70,000 by 2024. higher wages have transformed the lives of his employees. They have been able to grow their families, more than 10% of employees have purchased a house for the first time and individual 401(k) contributions have more than doubled.</quote> ... Copied to Clipboard!
gunplagirl 09/26/19 11:44:18 AM #2:	Gotta love how CEOs are so bad that this one guy who goes an okay thing is praised like some revolutionary. --- https://i.imgtc.ws/x2KBsjI.png <cite>gunplagirl posted [p:927971851] in This CEO r... [t:78043158]...</cite> <quote>Gotta love how CEOs are so bad that this one guy who goes an okay thing is praised like some revolutionary.</quote> ... Copied to Clipboard!
pls 09/26/19 11:45:47 AM #3:	gunplagirl posted... Gotta love how CEOs are so bad that this one guy who goes an okay thing is praised like some revolutionary. Imagine shitposting instead of praising this dude and encouraging more of this behavior. --- Do good. Eat communists. <cite>pls posted [p:927971904] in This CEO r... [t:78043158]...</cite> <quote>gunplagirl posted...</cite> <quote>Gotta love how CEOs are so bad that this one guy who goes an okay thing is praised like some revolutionary.</quote> Imagine shitposting instead of praising this dude and encouraging more of this behavior.</quote> ... Copied to Clipboard!
MacadamianNut3 09/26/19 11:46:23 AM #5:	Imagine Edit: the imagine combo was broken :( --- Roll Tide & Go Irish <cite>MacadamianNut3 posted [p:927971940] in This CEO r... [t:78043158]...</cite> <quote>Imagine Edit: the imagine combo was broken :(</quote> ... Copied to Clipboard!
Hanky_Bannister 09/26/19 11:46:48 AM #6:	MacadamianNut3 posted... Imagine I CAN ONLY IMAGINE! --- "3rd Best Whiskey in Northern Burma" https://www.youtube.com/watch?v=hvjOu4EzjYg <cite>Hanky_Bannister posted [p:927971957] in This CEO r... [t:78043158]...</cite> <quote>MacadamianNut3 posted...</cite> <quote>Imagine</quote> I CAN ONLY IMAGINE!</quote> ... Copied to Clipboard!
Sada_Pop 09/26/19 11:47:36 AM #7:	Good on him. The company is small enough where it makes financial sense and in turn his workers feel more positive about their company. --- People would have you believe that the accusation of racism is more offensive than ACTUAL racism. <cite>Sada_Pop posted [p:927971999] in This CEO r... [t:78043158]...</cite> <quote>Good on him. The company is small enough where it makes financial sense and in turn his workers feel more positive about their company.</quote> ... Copied to Clipboard!
Machete 09/26/19 11:51:20 AM #8:	pls posted... gunplagirl posted... Gotta love how CEOs are so bad that this one guy who goes an okay thing is praised like some revolutionary. Imagine shitposting instead of praising this dude and encouraging more of this behavior. Imagine having several banned accounts and then being unable to access the site for a while before finally returning on the account "pls" and probably getting banned again at some point. --- "Stop defending yourself." - Veggeta X <cite>Machete posted [p:927972167] in This CEO r... [t:78043158]...</cite> <quote>pls posted...</cite> <quote>gunplagirl posted...</cite> <quote>Gotta love how CEOs are so bad that this one guy who goes an okay thing is praised like some revolutionary.</quote> Imagine shitposting instead of praising this dude and encouraging more of this behavior.</quote> Imagine having several banned accounts and then being unable to access the site for a while before finally returning on the account "pls" and probably getting banned again at some point.</quote> ... Copied to Clipboard!
AngelsNAirwav3s 09/26/19 11:51:34 AM #9:	It is pretty common knowledge in any business that if you want to make money, you need to hire the best workers. If you want to hire the best workers, you have to treat them better than everyone else. --- Hello world! <cite>AngelsNAirwav3s posted [p:927972178] in This CEO r... [t:78043158]...</cite> <quote>It is pretty common knowledge in any business that if you want to make money, you need to hire the best workers. If you want to hire the best workers, you have to treat them better than everyone else.</quote> ... Copied to Clipboard!
pls 09/26/19 12:07:46 PM #10:	Machete posted... pls posted... gunplagirl posted... Gotta love how CEOs are so bad that this one guy who goes an okay thing is praised like some revolutionary. Imagine shitposting instead of praising this dude and encouraging more of this behavior. Imagine having several banned accounts and then being unable to access the site for a while before finally returning on the account "pls" and probably getting banned again at some point. Imagine being Machete and literally being proud of never having been banned on Gamefaqs. --- Do good. Eat communists. <cite>pls posted [p:927972932] in This CEO r... [t:78043158]...</cite> <quote>Machete posted...</cite> <quote>pls posted...</cite> <quote>gunplagirl posted...</cite> <quote>Gotta love how CEOs are so bad that this one guy who goes an okay thing is praised like some revolutionary.</quote> Imagine shitposting instead of praising this dude and encouraging more of this behavior.</quote> Imagine having several banned accounts and then being unable to access the site for a while before finally returning on the account "pls" and probably getting banned again at some point.</quote> Imagine being Machete and literally being proud of never having been banned on Gamefaqs.</quote> ... Copied to Clipboard!
Machete 09/26/19 12:12:30 PM #11:	pls posted... Machete posted... pls posted... gunplagirl posted... Gotta love how CEOs are so bad that this one guy who goes an okay thing is praised like some revolutionary. Imagine shitposting instead of praising this dude and encouraging more of this behavior. Imagine having several banned accounts and then being unable to access the site for a while before finally returning on the account "pls" and probably getting banned again at some point. Imagine being Machete and literally being proud of never having been banned on Gamefaqs. I have no pride for that. It's easy as fuck to never get banned. It takes no effort and is completely mundane. Sure, some people do get banned, but being proud of not getting banned is like being proud of not dying while being born. It's just silly to even think about. --- "Stop defending yourself." - Veggeta X <cite>Machete posted [p:927973144] in This CEO r... [t:78043158]...</cite> <quote>pls posted...</cite> <quote>Machete posted...</cite> <quote>pls posted...</cite> <quote>gunplagirl posted...</cite> <quote>Gotta love how CEOs are so bad that this one guy who goes an okay thing is praised like some revolutionary.</quote> Imagine shitposting instead of praising this dude and encouraging more of this behavior.</quote> Imagine having several banned accounts and then being unable to access the site for a while before finally returning on the account "pls" and probably getting banned again at some point.</quote> Imagine being Machete and literally being proud of never having been banned on Gamefaqs.</quote> I have no pride for that. It's easy as fuck to never get banned. It takes no effort and is completely mundane. Sure, some people do get banned, but being proud of not getting banned is like being proud of not dying while being born. It's just silly to even think about.</quote> ... Copied to Clipboard!
Harm_Sup_Lo 09/26/19 12:17:20 PM #12:	Did he fire/outsource all the low skill/unskilled work to third parties so he can then profess all employees are above $70k? --- If you think my username means what you think it means, it probably does. <cite>Harm_Sup_Lo posted [p:927973372] in This CEO r... [t:78043158]...</cite> <quote>Did he fire/outsource all the low skill/unskilled work to third parties so he can then profess all employees are above $70k?</quote> ... Copied to Clipboard!
Harm_Sup_Lo 09/26/19 12:19:39 PM #13:	Maybe it is a more positive story than I thought... but then it's also rather odd that he felt the need to publicise it in this way, and even create infographics on their website? https://gravitypayments.com/thegravityof70k/#infographic-1 --- If you think my username means what you think it means, it probably does. <cite>Harm_Sup_Lo posted [p:927973471] in This CEO r... [t:78043158]...</cite> <quote>Maybe it is a more positive story than I thought... but then it's also rather odd that he felt the need to publicise it in this way, and even create infographics on their website? https://gravitypayments.com/thegravityof70k/#infographic-1</quote> ... Copied to Clipboard!
AngelsNAirwav3s 09/26/19 12:19:56 PM #14:	Harm_Sup_Lo posted... Did he fire/outsource all the low skill/unskilled work to third parties so he can then profess all employees are above $70k? Its a credit card processing company, I don't think they have any low skilled workers, probably just a bunch of salesmen and software folks. --- Hello world! <cite>AngelsNAirwav3s posted [p:927973481] in This CEO r... [t:78043158]...</cite> <quote>Harm_Sup_Lo posted...</cite> <quote>Did he fire/outsource all the low skill/unskilled work to third parties so he can then profess all employees are above $70k?</quote> Its a credit card processing company, I don't think they have any low skilled workers, probably just a bunch of salesmen and software folks.</quote> ... Copied to Clipboard!
Hanky_Bannister 09/26/19 12:20:59 PM #15:	AngelsNAirwav3s posted... Harm_Sup_Lo posted... Did he fire/outsource all the low skill/unskilled work to third parties so he can then profess all employees are above $70k? Its a credit card processing company, I don't think they have any low skilled workers, probably just a bunch of salesmen and software folks. basically. also customer support. i work for a company thats a similar service. --- "3rd Best Whiskey in Northern Burma" https://www.youtube.com/watch?v=hvjOu4EzjYg <cite>Hanky_Bannister posted [p:927973521] in This CEO r... [t:78043158]...</cite> <quote>AngelsNAirwav3s posted...</cite> <quote>Harm_Sup_Lo posted...</cite> <quote>Did he fire/outsource all the low skill/unskilled work to third parties so he can then profess all employees are above $70k?</quote> Its a credit card processing company, I don't think they have any low skilled workers, probably just a bunch of salesmen and software folks.</quote> basically. also customer support. i work for a company thats a similar service.</quote> ... Copied to Clipboard!
Darksaber310 09/26/19 12:41:16 PM #16:	That's good that he survived. Last I heard he lost a large portion of his higher skilled workers because some of that staff saw as much as $30k raises while some saw nothing. I can sympathize. --- Once again snatching defeat, From the jaws of victory. <cite>Darksaber310 posted [p:927974386] in This CEO r... [t:78043158]...</cite> <quote>That's good that he survived. Last I heard he lost a large portion of his higher skilled workers because some of that staff saw as much as $30k raises while some saw nothing. I can sympathize.</quote> ... Copied to Clipboard!
Hanky_Bannister 09/26/19 12:42:28 PM #17:	Darksaber310 posted... That's good that he survived. Last I heard he lost a large portion of his higher skilled workers because some of that staff saw as much as $30k raises while some saw nothing. I can sympathize. i kinda get that. if they were already paid a good wage i dont see why they'd be upset with coworkers getting paid more, but people are greedy. --- "3rd Best Whiskey in Northern Burma" https://www.youtube.com/watch?v=hvjOu4EzjYg <cite>Hanky_Bannister posted [p:927974434] in This CEO r... [t:78043158]...</cite> <quote>Darksaber310 posted...</cite> <quote>That's good that he survived. Last I heard he lost a large portion of his higher skilled workers because some of that staff saw as much as $30k raises while some saw nothing. I can sympathize.</quote> i kinda get that. if they were already paid a good wage i dont see why they'd be upset with coworkers getting paid more, but people are greedy.</quote> ... Copied to Clipboard!
thanosibe 09/26/19 12:52:14 PM #18:	pls posted... Imagine shitposting instead of praising this dude and encouraging more of this behavior. Thats her gimmick. Good man. Its nice to hear good news admits so much bad news when it comes to employers out there. --- I think I need a drink. Almost everybody does only they don't know it. -- Charles Bukowski <cite>thanosibe posted [p:927974817] in This CEO r... [t:78043158]...</cite> <quote>pls posted... </cite> <quote>Imagine shitposting instead of praising this dude and encouraging more of this behavior.</quote>Thats her gimmick. Good man. Its nice to hear good news admits so much bad news when it comes to employers out there. </quote> ... Copied to Clipboard!
SauI_Goodman 09/26/19 1:03:41 PM #19:	meanwhile my company just laid off 10% of its employees because they can't find ways to bring in new revenue. so obviously cutting staff is the way to go. yippie! --- Currently playing: The Division 2 (ps4), Castlevania: Symphony of the Night (xbox 360) <cite>SauI_Goodman posted [p:927975265] in This CEO r... [t:78043158]...</cite> <quote>meanwhile my company just laid off 10% of its employees because they can't find ways to bring in new revenue. so obviously cutting staff is the way to go. yippie!</quote> ... Copied to Clipboard!
Hanky_Bannister 09/26/19 1:07:00 PM #20:	SauI_Goodman posted... meanwhile my company just laid off 10% of its employees because they can't find ways to bring in new revenue. so obviously cutting staff is the way to go. yippie! i take it you survived the cut? --- "3rd Best Whiskey in Northern Burma" https://www.youtube.com/watch?v=hvjOu4EzjYg <cite>Hanky_Bannister posted [p:927975384] in This CEO r... [t:78043158]...</cite> <quote>SauI_Goodman posted...</cite> <quote>meanwhile my company just laid off 10% of its employees because they can't find ways to bring in new revenue. so obviously cutting staff is the way to go. yippie!</quote> i take it you survived the cut?</quote> ... Copied to Clipboard!
SauI_Goodman 09/26/19 1:08:48 PM #21:	Hanky_Bannister posted... SauI_Goodman posted... meanwhile my company just laid off 10% of its employees because they can't find ways to bring in new revenue. so obviously cutting staff is the way to go. yippie! i take it you survived the cut? yah, but i'm a nobody. --- Currently playing: The Division 2 (ps4), Castlevania: Symphony of the Night (xbox 360) <cite>SauI_Goodman posted [p:927975456] in This CEO r... [t:78043158]...</cite> <quote>Hanky_Bannister posted...</cite> <quote>SauI_Goodman posted...</cite> <quote>meanwhile my company just laid off 10% of its employees because they can't find ways to bring in new revenue. so obviously cutting staff is the way to go. yippie!</quote> i take it you survived the cut?</quote> yah, but i'm a nobody.</quote> ... Copied to Clipboard!
EzeDoesIt 09/26/19 1:10:32 PM #22:	Hanky_Bannister posted... MacadamianNut3 posted... Imagine I CAN ONLY IMAGINE! Imagine alll the CEOoos, liviiing liife in peeaace...yoo hoo, hoo-ooh-oohh --- Not changing this sig. <cite>EzeDoesIt posted [p:927975526] in This CEO r... [t:78043158]...</cite> <quote>Hanky_Bannister posted...</cite> <quote>MacadamianNut3 posted...</cite> <quote>Imagine</quote> I CAN ONLY IMAGINE!</quote> Imagine alll the CEOoos, liviiing liife in peeaace...yoo hoo, hoo-ooh-oohh</quote> ... Copied to Clipboard!
samurai bandit 09/26/19 7:32:39 PM #23:	Hanky_Bannister posted... AngelsNAirwav3s posted... Harm_Sup_Lo posted... Did he fire/outsource all the low skill/unskilled work to third parties so he can then profess all employees are above $70k? Its a credit card processing company, I don't think they have any low skilled workers, probably just a bunch of salesmen and software folks. basically. also customer support. i work for a company thats a similar service. What about cleaning personnel? --- Go and watch Ef ~ A tale of memories now! <cite>samurai bandit posted [p:927992115] in This CEO r... [t:78043158]...</cite> <quote>Hanky_Bannister posted...</cite> <quote>AngelsNAirwav3s posted...</cite> <quote>Harm_Sup_Lo posted...</cite> <quote>Did he fire/outsource all the low skill/unskilled work to third parties so he can then profess all employees are above $70k?</quote> Its a credit card processing company, I don't think they have any low skilled workers, probably just a bunch of salesmen and software folks.</quote> basically. also customer support. i work for a company thats a similar service.</quote> What about cleaning personnel?</quote> ... Copied to Clipboard!
Hanky_Bannister 09/26/19 7:37:57 PM #24:	samurai bandit posted... Hanky_Bannister posted... AngelsNAirwav3s posted... Harm_Sup_Lo posted... Did he fire/outsource all the low skill/unskilled work to third parties so he can then profess all employees are above $70k? Its a credit card processing company, I don't think they have any low skilled workers, probably just a bunch of salesmen and software folks. basically. also customer support. i work for a company thats a similar service. What about cleaning personnel? good question. if its like my company, we pay servicemaster instead of hiring our own. --- "3rd Best Whiskey in Northern Burma" https://www.youtube.com/watch?v=hvjOu4EzjYg <cite>Hanky_Bannister posted [p:927992343] in This CEO r... [t:78043158]...</cite> <quote>samurai bandit posted...</cite> <quote>Hanky_Bannister posted...</cite> <quote>AngelsNAirwav3s posted...</cite> <quote>Harm_Sup_Lo posted...</cite> <quote>Did he fire/outsource all the low skill/unskilled work to third parties so he can then profess all employees are above $70k?</quote> Its a credit card processing company, I don't think they have any low skilled workers, probably just a bunch of salesmen and software folks.</quote> basically. also customer support. i work for a company thats a similar service.</quote> What about cleaning personnel?</quote> good question. if its like my company, we pay servicemaster instead of hiring our own.</quote> ... Copied to Clipboard!
Solar_Crimson 09/27/19 12:29:00 PM #25:	If only there were more CEOs like Satoru Iwata (RIP) and this guy, who are willing to cut their own salaries to make their workers' lives better. --- Be wary of boarding the hype train, lest you end up on the ruse cruise... - nanobuilder (r/nintendo) http://backloggery.com/SolarCrimson <cite>Solar_Crimson posted [p:928021980] in This CEO r... [t:78043158]...</cite> <quote>If only there were more CEOs like Satoru Iwata (RIP) and this guy, who are willing to cut their own salaries to make their workers' lives better.</quote> ... Copied to Clipboard!
spudger 09/27/19 12:32:45 PM #26:	Solar_Crimson posted... If only there were more CEOs like Satoru Iwata (RIP) and this guy, who are willing to cut their own salaries to make their workers' lives better. and it probably makes the company far more productive. --- -Only dead fish swim with the current http://error1355.com/ce/spudger.html <cite>spudger posted [p:928022132] in This CEO r... [t:78043158]...</cite> <quote>Solar_Crimson posted...</cite> <quote>If only there were more CEOs like Satoru Iwata (RIP) and this guy, who are willing to cut their own salaries to make their workers' lives better.</quote> and it probably makes the company far more productive.</quote> ... Copied to Clipboard!
Solar_Crimson 09/27/19 12:35:37 PM #27:	spudger posted... Solar_Crimson posted... If only there were more CEOs like Satoru Iwata (RIP) and this guy, who are willing to cut their own salaries to make their workers' lives better. and it probably makes the company far more productive. That's exactly why Iwata (as well as a couple of others at Nintendo) did it, because he felt that if they started laying off workers, it would reduce morale and negatively impact their work. --- Be wary of boarding the hype train, lest you end up on the ruse cruise... - nanobuilder (r/nintendo) http://backloggery.com/SolarCrimson <cite>Solar_Crimson posted [p:928022240] in This CEO r... [t:78043158]...</cite> <quote>spudger posted...</cite> <quote>Solar_Crimson posted...</cite> <quote>If only there were more CEOs like Satoru Iwata (RIP) and this guy, who are willing to cut their own salaries to make their workers' lives better.</quote> and it probably makes the company far more productive.</quote> That's exactly why Iwata (as well as a couple of others at Nintendo) did it, because he felt that if they started laying off workers, it would reduce morale and negatively impact their work.</quote> ... Copied to Clipboard!
Squall28 09/27/19 12:40:34 PM #28:	Isn't it funny how all these people who never slashed their own salary feel the need to judge? --- If you're going through hell, keep going. -Winston Churchill <cite>Squall28 posted [p:928022449] in This CEO r... [t:78043158]...</cite> <quote>Isn't it funny how all these people who never slashed their own salary feel the need to judge?</quote> ... Copied to Clipboard!
PIITB415 09/27/19 12:50:30 PM #29:	Imagine being able to live with such a low salary --- https://imgur.com/VawbBVM https://imgur.com/6Si4h <cite>PIITB415 posted [p:928022836] in This CEO r... [t:78043158]...</cite> <quote>Imagine being able to live with such a low salary</quote> ... Copied to Clipboard!
ShadowElite86 09/27/19 12:59:33 PM #30:	I might have to move to Nowhere, Idaho just to work for this guy. --- INGREDIENTS: Cancer <cite>ShadowElite86 posted [p:928023191] in This CEO r... [t:78043158]...</cite> <quote>I might have to move to Nowhere, Idaho just to work for this guy.</quote> ... Copied to Clipboard!
spudger 09/27/19 1:00:11 PM #31:	ShadowElite86 posted... I might have to move to Nowhere, Idaho just to work for this guy. cost of living is a lot cheaper as well. that 70k goes further. --- -Only dead fish swim with the current http://error1355.com/ce/spudger.html <cite>spudger posted [p:928023219] in This CEO r... [t:78043158]...</cite> <quote>ShadowElite86 posted...</cite> <quote>I might have to move to Nowhere, Idaho just to work for this guy.</quote> cost of living is a lot cheaper as well. that 70k goes further.</quote> ... Copied to Clipboard!
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Current Events > This CEO raised the minimum salary of his employees to $70k (+) Yeah! (+)

Current Events > This CEO raised the minimum salary of his employees to $70k