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In 2015, a Seattle-based entrepreneur named Dan Price “with shoulder-length hair and Brad Pitt looks” made a dramatic decision.
As chief executive of Gravity Payments, a credit card processing company, Mr Price cut his annual salary from $1.1 million to $70,000. He also paid all of his employees the same amount. This meant that every single person in Gravity Payments, including the big boss, got equal pay.
Mr Price had been socially conscious most of his life, but he struck a nerve when he made that extraordinary move. He decided to do it after he saw a disgruntled employee on a smoke break. The employee said he was miserable working for Mr Price and felt “ripped off”.
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