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Share this article Share this article EAST LANSING, Mich., Jan. 12, 2021 /PRNewswire/  Last week, financial technology provider Quavo, Inc. stated that it is instituting a minimum livable wage for all full-time employees. This announcement comes as part of Quavo s commitment to assuring that no employee will or shall earn an annual salary more than six times that of any other employee. By decreasing their executive pay ratio, Quavo will be setting an example in an industry where the average CEO pay gap is around 70-to-1. Co-founders Joe McLean, Dan Penne, Dave Chmielewski, and Rich Jefferson intend for the minimum livable wage policy to mark the cornerstone of Quavo s continued commitment to leading a more socially ethical company that supports and ensures security for all employees.

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