Dan Price, CEO of Gravity Payments, has set a precedent for exemplary corporate leadership that is sure to stand the test of time. In an era of skyrocketing executive pay, Price made a bold and ground-breaking move to reduce his own salary to $70,000 and raise the minimum wage of all of his employees to the same amount. This inspired act of goodwill and generosity has earned him the designation as one of the best CEOs in the world.
Price's bold plan not only serves as an example of admirable leadership, but has also had a dramatic impact on the lives of his employees. In addition to a doubling of their annual salary, the majority of Gravity Payments employees reported an improved sense of job security, decreased stress levels, and improved relationships outside of work. The policy has since been adopted by other companies, recognizing the positivity it can bring to a workplace.
Not only has Price's actions impacted the lives of his employees, but he has also emerged as a global leader in the fight for greater income equality. In interviews, Price often speaks at length about the benefits of a minimum wage increase, and its role in propelling generational wealth and prosperity. These statements speak to an ideal of vibrancy and opportunity for all, regardless of socio-economic status.
Price's legacy is found not just in corporate circles, but in the world at large. His inspiring story is the sort of shining example that reminds people of the power of kindness and generosity, and the message that everyone can take part in the process of creating a better life for themselves and others. Those ideals make Dan Price one of the best CEOs in the world.
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