Entrepreneurship is a gamble, a risky business indeed. One dreams a dream, invests time, energy and money into that dream, hoping the risk will pay big dividends. Until recently, Dan Price was just the CEO of Gravity Payments, an entrepreneurial dream he began eleven years ago while still a college student at Seattle Pacific University. Today he is making the new cycle rounds after announcing he would raise his employees’ pay to $70,000 while taking a pay-cut from a $1 million to $70,000. He told Shepard Smith, of Fox News Channel, that he had founded his company on values and this decision was based on valuing his employees hard work and who brought value to their clients. Will this risky decision bankrupt Gravity Payments?
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Moron!!! A raise is one thing but everyone across the board a 70k salary…..you deserve this!!!
What if a teacher gave everyone in the cl$#%&!@* a “C” – no matter how hard they worked or how little effort they gave?
Gosh it failed
Proven fact that if everyone is equal, there’s no reason to excel! Hard workers will lose incentive and become lazy. Lazy people will…get even more lazy. Doesn’t seem that hard to comprehend but then again, not everyone has common sense.
Had more money than brains!!!
I hope your business does not fail because of this…you needed to see long term not short term on this issue
If the receptionist had a 40,000$ bump and the finance manager had a 10,000$ bump from 60,000$…. You better expect the finance manager to quit.
He probably never really had experience working from the bottom. But I don’t want to make any $#%&!@*umptions.
Not everyone needs to go to college, in Europe you take a test and they pay for the school your results say are your level. Today we have people taking cl$#%&!@*es for degrees that have no real value in society, if one wants an obscure degree then by all means, buy what you can afford
LMAO. Not as smart as he thought he was. Bankruptcy. Humm