THIS IS MONEY CEO cuts his salary by 94% so every employee can earn at least £54,000

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The story is inherently compelling due to its altruistic nature and the significant financial impact on employees, making it highly shareable and engaging.

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The video features a story about Dan Price, CEO of Gravity Payments, who cut his own salary by 94% to ensure every employee earned a minimum of £54,000. This decision significantly increased the salaries of lower-paid workers, aiming to provide them with a comfortable living wage.

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CEO cuts his salary by 94% so every employee can earn at least £54,000 💷👏 Gravity Payments CEO Dan Price made headlines after slashing his own salary from around £850,000 to £54,000 a year and introducing a £54,000 minimum salary for his employees. The decision meant some of the company’s lowest-paid workers saw their salaries almost double. Price said he wanted employees to earn enough to live comfortably without constantly worrying about money. Importantly, not every employee was paid exactly the same. The policy guaranteed that everyone would eventually earn at least £54,000, while Price reduced his own pay to roughly that level. The move attracted worldwide attention and sparked a wider debate about CEO pay, employee wages and whether businesses could benefit from sharing more of their profits with workers. #ThisIsMoney #Money #News #UK