S4 EP13: The CEO Who Radically Cut His Pay to Give His Employees a Radical Raise
Dan Price tried all kinds of strategies to keep his company going. This one actually worked.
Dan Price, the founder of Gravity Payments, became a media darling in 2015 after announcing that every employee would be paid a minimum of $70k. For most of his staff, the increase was dramatic (the median income in the U.S. is about $60k.) Now, four years later, Dan tells Manoush how an ex-girlfriend woke him up to Seattle's high cost of living, what equal pay has done to his company's bottom line, and what he thinks could rehabilitate other corporations and their overpaid CEOs. Plus, Manoush and Jen debate whether Dan's pay strategy is replicable for their company.
Season 4 of ZigZag is examining the current culture of business and work, figuring out what needs to change, and experimenting with new ways to do it.
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CREDITS:
Matt Boynton, Audio Engineer and Sound Designer
Ania Grzesik, Audio Engineer
David Herman, Composer
Marcy Thompson, Producer
Maria Wurttele, Production Coordinator
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