Not only did he pay them $70k per year, but when they had to take a pay cut to keep the company afloat, he reimbursed them the money they didn't get. That is a genuinely kind man.
Not sure Kind is the right word. Might want to look up the article August 19th, 2022 - CBS article "Dan Price, CEO who cut his pay so workers earned $70,000, quits amid legal woes" Happened right after. Want to take a guess how many of those new employees were women?
Come to find out, he was only over paying mostly women staff so they wouldn't retaliate against his abuses. "Price has been accused of several physical and sexual assaults between 2013 and 2022."
For the CEO to cut his pay so that he is making the minimum salary, just so his employees could thrive shows so much empathy. I wish them continued success!
@Zombie look at walmart one of the bigest super market chains in the world what has all that companys growth done for its employees? absolutely nothing they still get payed minimum wage the only people who benefit are the 00.001% at the top. thats not healthy for the economy
@not your catOther corporations hated it because it made them look bad and it skewed the “environmental” pay scale. When I worked, it became clear that all the local corporate managers had an unwritten agreement that one would not pay their employees much more than the others. That way, it tends to keep employees from jumping ship for better better pay elsewhere.
That's what struck me the most from this story. I don't get the backlash he received for having a minimum pay to his employees. As per the report CEOs make 320 times more than their workers so there is no reason not to do this. They're just mad because he is showing them it is possible and that makes them look bad. Shame on them for even saying in advance that his company will fail. I am so happy it didn't.
Great story and it was telling to hear Rush and the other establishment losers hope for his failure. What did Rush contribute to the world? Absolutely Nothing!
@@Saveg36 You’re not wrong, but the quote is assuming something that many people in society tend to think; that people of increased wealth are bigger than those with less wealth. This assumption comes from the fact that they can afford more things, and sometimes it even goes as far as assuming that the person with higher wealth has a more difficult job requiring more education. To some degree, they aren’t wrong, but if we’re thinking in a more realistic and philosophical way (like you are), you’re right, a person’s wealth shouldn’t and does not dictate a person’s value and place on Earth because we all die at the end of the day, right? 😂 Bottom line, you’re right, but the quote is addressing something many in society believe is true.
The problem has always been corporate greed at the top. CEOs aren't running and growing a company to benefit the employees. They're doing it for themselves and only themselves, for as long as they can before they move on to the next company. And how do they do it? Cut cut cut cut cut cut expense. And compensation is the #1 expense.
@jonasandezekiel1109 I don't need to read up on this particular creep. I've got enough to deal with my own CEO creep demanding we have 70% operating profit. He's probably chasing a bonus. Meanwhile we operate with less people than we need and everyone is looking to leave because they aren't making what they used to. American corporate economics in a nutshell.
this is a ploy to try and get people to forget his patterns of abuse and hostility. it's no coincidence his pay cut and focus on 'economic justice issues' overlap with him being ousted from the communities he was an active part of and most recently charges for fourth-degree assault with sexual motivation, fourth-degree assault and reckless driving mysteriously dismissed. he's done this before, and he'll do it again. people with money and power use it to cloud the judgment of everyone around them. just search his name.
@@possumguts The charges came 7 years after his pay cut. Also, criminal charges can't be dropped by the victim. They can request it, but only the prosecution can decide. Additionally, the charges were dismissed without prejudice because they had insufficient evidence, ie. he is innocent because he has not been proven guilty. I don't know what backward country you live in, but that's Article 11 of the Universal Declaration of Human Rights.
@@possumgutsBro just because some woman said that you did something without any evidence what so ever does not make it true. Have you ever heard of “innocent until proven guilty”?
The employees took a pay cut so the company could stay open, and then the company payed them back once it had bounced back. That’s fierce loyalty and trust on both ends!
So it is not possible. The loonyliberal theory is that you can pay workers a lot through the good times and bad. But you can't. You can only give bonuses during good and take them away during bad. Which what all other companies do.
@@haylobos8261 "It is not possible" ...His business is still thriving. You're literally watching that it is in fact possible, while whining about how it isn't possible. It's 100% possible, but companies are kinda forcing the issue because they don't want anything less than 500% profit and it's hurting the country as a whole. GDP means nothing if half the country that isn't in jail is struggling while ~20-25% of the total population is in jail. This asinine ability Conservatives have to worship the almighty companies and the almighty dollar while claiming to follow God will never cease to absolutely baffle me.
@@tinymushroombigforest9745 You got no brane? They had to take a 40 percent pay cut. High wages for ordinary workers is not possible. He gives high wages when the economy is booming. Then lowers them when there is a recession. Which is what every company does. Get out of here with your liberal baloney.
You mean to tell me if you pay someone a living wage they try harder? This man has cracked the code we have been searching for since we first emerged from the oceans.
@SelphCreations he came back after resigning, he announced his return in May of this year. Not saying he's innocent or anything, just saying he's not as long gone as you seem to think
Having employees be so loyal that they take a 60% pay cut when your company is going through hardship speaks for itself. Him paying them back as a thank you for sticking by him is virtually unheard of in America. This man is a god send.
I don’t understand why it’s so bad and hard for employers to treat employees as a fellow human instead of thinking they are just replaceable. This man understands loyalty
This man understands the value of not dehumanizing employees into numbers and quota's. I do hope he becomes successful enough to give himself a significant raise.
Key word loyalty That’s the difference between today and back then companies and employees had more loyalty Back then there was a incentive to work at a company many years, you would get the promotions and raises and your job was secured. Now employers will cut good employees to keep seeking more talent.
Wow this deserves way more attention than it's getting so far. What a person. And he's happier for it. Lesson for sooo many people. Not only CEOs but all of us to be honest. Everyone could do this in scale.
I always feel better when I go patronize a business where the employees want to be there. I realize that the point isn't how I *feel* about the business but it really doesn't make a difference to the whole business experience.
My jaw dropped that the company is 4 months close to bankruptcy, but if it wasn't for the employees love for this company and maybe because they are thriving in life earlier because of that highly generous pay increase, volunteering for months of pay cut!!! They wouldn't survived by now!!! The CEO then saved his employees by raising their pay, and produced a loyal employees back then. Now his employees saved his company back by then volunteering to not get paid for a bit. That's just close and tight corporate family love right there.
The fact that employees were willing to take a voluntary pay cut to help the business AND THE BUSINESS PAID THEM BACK...wow. AND they all chipped in to buy him his dream car...talk about a work family. Amazing...kindness and compassion goes a long way.
If you say 70K, it should stay 70K. Not 70K when the economy is booming. Everybody already does that. They pay more when the economy is booming and then reduce it in bad times. He is just a charlatan. You people are silly.
@@DebbieAkano they probably watched the whole video but did not register that one because they only want the negatives on all the positives that happened in this company.
@@haylobos8261 No they’re not silly, you should go look in the mirror and tell us where that brain of yours have gotten you! Why did you think it was necessary to inject your dystopian, draconian, fried up frizzle mentality, and all your negativity into this conversation? So maybe the silly one is reflective of you! So let me ask you this question, do you wear a mask?
Wrong! He emphasizes that the company is not a family, and that it is simply a company and you owe it nothing. everyone deserves time off for their real family. he makes a big distinction there.
He's a complete and total fraud. He purposefully manipulated thousands of client contracts to not only gain an unfair competitive advantage but also swindle millions for personal gain. His brother and his father own a separate company called Axia Payments where they banked millions then got handed a huge lawsuit because Dan Price sold trade secrets and business information for 1,100 clients to launch his own processing business. He has a very dark past and he's lying about only making 70k a year. You can find dozens of articles written by investigative journalists exposing him.
@@intihumala9087 cant believe everything you read, I worked for a processing business in NYC. If any of the articles were 100% true he'd be sitting in jail, those supposed claims against him are federal offenses and money laundering.
absolutely. especially with the context that those people are being paid off to make sure the charges he also paid off to be dismissed aren't brought up again, because he's 'such a nice and generous guy'. google his name. the employees that aren't terrified of him are family members - the others claim horrible treatment and abuse.
He had to resign because sexual misconduct and manipulative behavior, his wife also accused him of assault for years. Still want to drop everything to work for him?
I wonder how many of his employees would fallow this boss and open a company and pay that well to their workers,or maybe they are too selfish to do that.
this is a ploy to try and get people to forget his patterns of abuse and hostility. it's no coincidence his pay cut and focus on 'economic justice issues' overlap with him being ousted from the communities he was an active part of and most recently charges for fourth-degree assault with sexual motivation, fourth-degree assault and reckless driving mysteriously dismissed. he's done this before, and he'll do it again. people with money and power use it to cloud the judgment of everyone around them. just search his name.
@fosterpainter This is why capitalism is failing. Capitalism replaced mercantilism. The main thing in Capitalism is that companies have no responsibility to the system that they leach off of; no other purpose than to generate profits.
There's a difference between being charitable and financially thriving. Obviously allocating your own paycheck to your employees will work as long as you deduct your own salary. That's not a success, it's charity. Good for him, but how can you expect CEO's to incentivize their ambitions and innovations with a meager paycheck that does not expand? Isn't the point of a business to be profitable to the individual to some extent? The man is running some payment company, nothing large-scale. You can't motivate high ranking employees with this business model, clearly Dan Price is the sole captain of this ship, and I'm sure it's a feelgood story but it's certainly not viable. Nonetheless, the poor will be tempted to elicit this example as a call for equitable pay in line with socialist doctrine.
@@Leoo117 You're saying people shouldn't build business for accruing money but for securing happiness?? Such an egregious projection. Not everyone has such 'virtuous' hearts. I'm sure you'll build and manage your own business, expand it, all for one static price tag. Meanwhile, expendable employees will cash out of your hardwork. You clearly have no clue about management and leadership because you're just a poor sod.
@@maaz322 Your missing the connection here. Yes, you build a business to accrue money, but it is more efficient to accrue the money if your employees are happier. THAT is the connection here. Don't take my word for it. Take the word of the guy who already did it. He was humble instead of haughty. Also, there is no need for calling names and being disrespectful. I wouldn't do that to you, so please don't do that to me.
His company is a software credit card merchant services company. It has no physical product. Doesn't need expensive business insurances coverages. Just basic ones. His company charges 1 to 3% of credit card purchases and monthly fees. On $100,000 running charges can make north of $3,000 month. Looking over is books they have $3.4 billion in purchases with over 15,000 companies. So they making $100 million year gross income. They have around 200 employees. So about $14 million goes into payroll. Yes, only 14 out of 109 million a month. Around 14%. This guy is a hero, lol what a good samaritan LMAO. You know he gets the money on the back end. Any smart CEO would pay themselves as little as possible. Jeff Bezos salary was $81,840.
He has a superiority complex. he has accusation of harassment and rape, with police investigations. The company is also financially unstable and has been since the day he announced this 6 years ago
Partially true. The company is doing well. He did get charged but he beat the charges. None the less, he still stepped down as CEO so he wouldnt hurt his company or workers. @@bryan-cv2ew
This CEO guy took 1mil USD pay cut to increase his employee's compensation to 70k min,the employees took a temporary pay cut during the pandemic,got repaid the difference and actually resulted in a much lower turnover rate and more productivity for the company. This story is crazy good. 😮😮😮
Probably the best example of how a CEO takes care of his people, and they in return give him fierce loyalty. It’s about the relationships at the end of the day
@@AddBowIfGirl socialism can work in a very small scale, but when u talk about millions that is a complete diferent beast, there is no control over what everyone is doing, u will have alot of people just sitting around doing nothing waiting for the pay check, and that will create a domino effect that will colapse ur system, socialism is based in the naive premise that everyone is an angel and will do what he is suppose to do for the good of everyone else, and that... is just stupid.
@@namamora1190 strange though how those socialist policies are actually working in most industrialized countries... basically the whole of Europe (about twice the population of the USA) is made up of social democracies.
the fact the employees bought him that car means that they are loyal and grateful. no one else would do that for their CEO. i hope this company thrives
@@louissanderson719 maybe cause they wanna thank him for changing their lives, yeah didn’t have to do it, but did it anyways just like how he raised their yearly salary, and his company is still thriving cause of his employees.
@@smolpener7430 So you think that he secretly taped every birth that took place and kept a tally in a little black booklet? I'm sure the employees voluntarily gave him that info. You sound like a complete nut job, and its never too late to delete your braindead comment by the way!
Just to make sure you know. Software Engineers can make over $100K elsewhere. If you are a superstar software engineer. Would you settle for $70,000? If others don't have your skills or work ethic they get paid the same you wouldn't feel okay with it. They leave you to work more hours and all of you get paid the same. Even entry-level assistants. Also, the guy is loaded. He makes money off his company in form of dividends. Saves a ton in taxes. I guess he doesn't believe in paying as much in taxes.
@@alpharenz1329 You miss the point. $70k per year is the MINIMUM. The vast majority of his employees are not software engineers and nobody is under any delusion that Price will not eventually benefit from his company value appreciation, which is considerable considering his success, but since his company is private I'm not quite sure I understand your "dividends" comment. How is he making "dividends" on his company? It looks like he's putting the profits back into the company and its employees.
@@5350nbrookmist as a private company you can hand out disbursements/cash dividends. You can look it up, ask Google to help you. It is a way to avoid higher tax brackets. Not faulting the guy. Just point out what should be obvious. Most CEO elect to get lower salaries.
Not only has he made his employees loyal he's made customers want to do business with the company because of the humanity he's displayed, well done mate.
Do you actually think he does a single thing for his employees? He did this as a ruse, to glamourfy himself. and he has many common people tricked. however most pros see him as another youtuber
Is that why he abused his employees? He is no longer CEO as well. "You have to work 70 hours this week because I pay you 70k or you're fired" sounds like a wonderful place to work.
@robvan6274 as opposed to all the other tech firms with their very reasonable work hours./s Even if that 70 per week figure is true that's not so different than everyone else in that space. Larger companies with even crazier hours offer less, thinking that a smoothie bar and gym somehow going to compete with ACTUAL $ when buying the loyalty of employees. It's why early space x engineers are so fanatically loyal to musk.
@@thenameisblu non sequitur. I don’t care about other companies. We are talking and THIS company. Which this is outdated. It was just a marketing tactic. Just a brief web search of this company explains the controversy that unfolded in the months after this was published.
@@robvan6274I mean he can still be a POS and do the right thing. I don't really get if you are opposed to the potential of praising of a bad person or opposed to the salary policy. Because those are two different things.
He found happiness, meaning, purpose, legacy, respect, appreciation, support, trust, loyalty, growth and love. Not to mention success. Other CEOs made nothing more than money. The mere fact that he was attacked for having a good heart just shows you how corrupt the corporate culture is.
This is a man who appreciates his employees and knows the value of hard work and dedication. He is sharing his success with those who are part of his team. 👍👍
He owns 100% of the stock, so even though his “salary” is 70k (what he needs to live, just as any of his employees), his net worth is skyrocketing (300%) because he took care of his people, and now his people are actually his people - his community, friends, family.. wild idea…
He's set for a good life, for life. Even if he somehow goes bankrupt, these people have his back and will help him get onto his own two feet if he ever needs that.
Exactly! But the greedy executives don't believe this. Some people love watching people squirm and live paycheck to paycheck. They basically live off the backs of the workers...This is a beautiful story because he actually cares about the employees....But you know the psychopathic narcissis won't understand this selfless move...
In the long run he’s saving $$ because he’s able to retain his loyal employees and not worry about recruiting, training and hiring new people who will end up quitting after a year anyways. Some of these companies just operate in this endless cycle and don’t realize it’s costing them 10x what it would be if they just paid their current employees reasonable salaries.
Oh, they realize it's costing them more, but the C-suite bottom line is never affected, so they don't care. They'll just keep salaries the same for the foreseeable future, while they get 5x increase in compensations.
Its costing the company 10x more on disloyal employees, but the CEO's can earn up to 100x more per loyal employee. Its partially why HR and bosses are so passive aggressive when anyone leaves with no notice, or no longer put you on schedule when you do give notice. Not because they needed the time to replace you, not because it cost the company quite a bit of money to recruit someone new, but because they no longer earn money from your position. Its relatively fine if they can replace you, because paying you 8k a month(insurances etc) while you earn them 20k a month is their real benefit, it doesnt matter if they have to pay 5k a month to replace you, they no longer earn that 20k a month.
Imagine being one of the losers who criticized this guy. This guy is what all CEOs should be, someone with a heart who knows everyone deserves to live a good life.
Come to find out, he was only over paying mostly women staff so they wouldn't retaliate against his abuses. "Price has been accused of several physical and sexual assaults between 2013 and 2022."
But it’s not. 70,000 is not a lot in fintech. It’s peanuts. He wants you to believe that, that is what he is paying formerly minimum wage earners. You just bought into his marketing.
I got chills hearing about the employees willingly taking the cuts for the company and then being repaid in full. It’s really moving. Honestly if a boss were to do such a kindness for me and my company I would do my best to return the favor.
And they do exactly that. Treat your employees well and they do a MUCH better job. Customer service improves which keeps customers and brings in more customers. It's a win for EVERYONE. There are no losers in this anywhere.
Lol they're all Gravy Seals and Meal Team 6 mf's. It's so sad because these guys take woodshops class in high school and then turn out to go full on MAGA by the time they're out.
@@browncatwithblurredbackgro2461 how many older people do you think can genuinely preform at a job that I assume is 99% computer and over the phone work. Has nothing to do with whom he hires and everything to do with the fact that the older generation isn’t as good with technology by large.
This guy has done what companies in Denmark have been doing for more than 60 years now. Congratulations for this CEO for doing what makes sense for humans.
I'd like to know what it is companies in Denmark do that in any way resembles this. Seeing as I work in Denmark, in a Danish company, and it's nothing like that. Sure, we have much more liveable wages, but that's not due to generous CEOs.
@@xXCdOg24Xx a bit deceiving of a metric when that "2% of the US population" lives on what represents 0.53% of total US land. Meaning roughly 4x the population density. These things are scalable.
@@Troggedemic in the video they explain that american ceo's tent to make ×320 the lowest income in their company. While in europe (if i remember correctly) the standard is around ×70. Which is still rediculous, but in comparison already a lot beter. Bc all that money payed to 1 person can now be used for more balanced saleries, or investments in the company.
That's one amazing CEO - he's greatly improved the lives of all who he employs, and while taking a huge pay cut himself, enriched his own life greatly as well. He is truly living a good life!
@@bugmanuk I saw a segment on DW (Deutsche Welle) about this being an entire movement that is getting started in Germany and elsewhere. There are cooperative models of business that are taking form, and a few that are already here in the US. I had seen coverage of a few co-op businesses here in the IS. All employees owning an equal share, everyone making enough to live comfortably. There are so many options and as you say, people being made that understand this is the way to go.
He understands the saying, “it’s better to be loved than to be feared” to its fullest. People don’t go out of their way because they’re forced to, they go out of their way because they want to, and he knows that mentality with his employees is basically the most sustainable type of business style
The quote is actually "It is better to be feared than to be loved, if one cannot be both." It’s from the prince, if you haven’t read it I’d give it a read. It does open your eyes more than you’d expect.
All that's needed to change 'the rule' is to adopt the Marxist principles of corporate democracy, where all employees of a company get a share of the company's profits and a vote on how the company is run, what they do, how they do it, what they do with the profits, etc. This is already done at many companies and it's possible right here in the USA if people want to do it, doesn't require an act of government. See the work and teachings of economist Richard D. Wolff, a leading exponent of this idea.
I don't understand why anyone would be upset with a CEO give his employees a livable wage. Both my husband and I work full time and we are still living paycheck to paycheck. Wish this was the norm for more companies
It's complicated, right? Capitalism allows companies to find the cheapest labor possible, if they so choose, in order to maximize profits. For a janitor at a local gas station, this might be $8/hr. Whereas a manager at a local restaurant might make $40k/yr. Either way, it's bare minimum based off the market and what people will accept. This guy, however, comes in and says $70k/yr minimum, regardless of market. This is simply an entirely different philosophy then everyone else operates off of. His philosophy requires thoughtfulness and sacrifice and is based off a concrete ideology: that people should make a living wage (of course, what a "living wage" is can be debated). At the end of the day, if the result of all this is that people stop accepting such low salaries and businesses have to start paying their employees more money, I don't think it will be that big of a deal. But as of today, companies are pushing back mostly because they know a large percentage of people are willing to accept much less than 70k. Therefore, raising salaries above what's necessary to hire the employee is foolish (in their minds).
This man does something completely selfless and all those people wanting him to fail? But loving the selfish billionaires who give far less and care less
People love to worship something bigger. It’s the effect of liking something you can’t have, and viewing kindness as weakness. It’s human behavior. Some people are just so inferior.
A man with a big heart. Willingly giving his own money for the sake of employees. He deleted greed from the equation, in turn brought loyalty and love for everyone. I aspire to be like him someday.
this is a ploy to try and get people to forget his patterns of abuse and hostility. it's no coincidence his pay cut and focus on 'economic justice issues' overlap with him being ousted from the communities he was an active part of and most recently charges for fourth-degree assault with sexual motivation, fourth-degree assault and reckless driving mysteriously dismissed. he's done this before, and he'll do it again. people with money and power use it to cloud the judgment of everyone around them. just search his name.
@@kkampo_ You still have not given any receipts, I do not believe you; also that statement is a 360 from your previous one. EDIT: Hang on. I though you were the other commenter. Still, no receipts, I still don't believe anything.
@@SyedAli-xb8by It's also possible that he just has millions in savings and is living off the 70k/ year until he retires. Plus you have a good point he can sell of shares of the company that he is growing in value and giving good publicity to.
It’s crazy how some were against this move. If this CEO wants to give a good wage to his employees, let him. The critics are probably the ones who love seeing homeless people on the streets and then blaming the government for it.
@@greenwave819 LMAO, its funny how sensitive you are, of course he is still practicing a capitalist system, problem is that you see someone that doesn't prioritize maximizing profit for themselves and you instantly cry socialism
How'd you pull it off? Him: Because I help run a usury scam system that ruins millions of Americans lives with interest payments, aka USURY. I have no love for this man.
“ we’re not only just living..we’re able to thrive”. This is the one that hit me the most. As someone who has been riding the struggle bus as long as I can remember, that line hit me the hardest. I really wish more companies can take notes.
@@xxxmx4568 so much hate in your heart. Don’t have to take your unhappiness out on others for no reason. I hope you have a good day. Try spreading some kindness it feels better.
@@possumgutslol what? Dudes charges got dismissed because the court found the victim’s story to be “inconstant with contradictions” not only that but your thought process is straight up illogical even if you ignore the fact that he changed peoples salary before said allegation it still would make literally no sense what so ever for the dude to put his name and face out publicly while doing creepy stuff he would of simply taken the million dollars and done his horrible activities in private Its very weird how you’re okay with lying and possibly ruining someones life over something that was found to be unbelievable in court you my friend sound like one of amber heards supports and to think its all because the dude paid people property… have some self reflection
He isn’t crazy, he’s valuing employees, something all employer’s should do. Be for helping others get ahead, treat them as you would want to be treated in the workplace. I spent 33 years with a man like this, who put needs of employees first, invested money for them to have upon retirement, and when times got hard, received NO paycheck for 3 years to prevent laying people off. No job in his company was beneath him to do himself. He’s gone now, but never forgotten for being like this, and I in return would have taken a bullet for him anytime.
So many people feel unappreciated in their line of work. I’m happy you felt appreciated and cared for. He sounded like an exceptional individual! Glad you had each other in life.
@@samuelsanchez2010 did you watch the video? When there was a downturn during Covid19 the employees voluntarily took pay cuts. Now that's loyalty. You get what you pay for. This company pays for happy, motivated, loyal workers. And generous, they chipped in to buy the boss a fancy car! Similar story: an ice cream shop started offering I think it was $15 an hour. Now they have plenty of staff, unlike all the places you see who can't get anyone to work for them. And the owner pointed out how the staff are happy and cheerful because they didn't have to work 3 jobs to survive and the business was doing great because people wanted to go there for the excellent service.
He is ABSOLUTELY AMAZING! HE HAS BLESSED so many people, even taking a pay cut from his own self! Greed is not in his moral compass & I pray his business goes on to be so successful especially during this darn pandemic for many many many year's to come!!! We need more businesses & CEO's/CFO's like this! The world would be such a beautiful place if we can do things like this! Coming together by putting other's above yourself! Absolutely love it..You good sir, are a rock☆star! Sending you love & praise from Cali!
Gravity repaid them what they voluntarily took in cuts. I feel like that is really the star of this story! That is true leadership and means that the employees really matter to the CEO
He should be teaching in every MBA program across the country. His humanity yields what money cannot not buy; community. America could use a reboot in this humility.
@@mr.horrorchild4094 Not every person would want it. Employees whose values align with this company are the ones who want to work there and are earning their pay. People who don't work hard, aren't team players, or are self-serving either left or didn't get hired. I see no problem using a pay scale to weed out unwanted employees.
I love the bit about the car. He could have bought himself the car before, but it must feel a million times more amazing to have your employees be so grateful to you that they buy your dream car for you!
That's how lifelong friendships start. Like we gna rise together, it's not about me...It's about all of us. We are all integral parts of this corporation with the same goal in mind.
Imagine working in a company where everyone loves their boss. Also imagine a CEO feeling loved by all of his employers. Well done Dan. You are one of a kind!
i mean no shi. wtf he gone do with millions of dollars ? 2 houses just plain stupid. cars is just dumb. Now he has like generations after generations of loyal workers who have babys now and ima assume them babys arent gonna be working anywhere else. Almost like a family business that will have a loop of more of the same family while all making equal pay. Like the company is the ceo in this.
@@-dmm ?? You can do a whole lot with that money lol. It wouldn't be a selfless action if there was no sacrifice. All that money is going to the employees, which is kind of the business. Plus he was in the negatives for a portion of the new system. Down playing his generosity would be the worst thing to do. At the end of the day, he could've given them all a $5,000 bonus and that would be "generous" for a CEO.
This is the only company you can call "family" without being fake. Other companies have this family culture BS but it's for you to stay in the company while they pay you peanuts.
As usual Rush Limbaugh needs to stay in his negative life lane and stop projecting his negativity on people who actually get how life works. Rush needs to hush! Once again you have been proven wrong that giving people , get blessed.
@@chrisnikki999tarot4 1. You said "Rush needs to hush", not knowing that he died recently. I know you didn't say that intentionally (even though you said you did for some reason) but that's about as morbid as it gets. 2. You think that Rush Limbaugh doesn't understand life? You don't even understand that the guy in the video underpaid his employees for 11 years while giving himself salaries of over a million dollars, and that he only doubled the salaries after a massive lawsuit was filed against him. This guy embezzled millions of dollars.
mans a genuine legend, a ceo and a leader who makes the same as his employees (plus extra in stock, understandable), thats someone i would follow and back everytime
The world could use more humans like Dan Price. He sets the tone and the example and his employees follow suit. What an amazing story. You reap what you sow.
@@betsysoderquist9954 I hope McDonald’s goes do this business model!! How great would it be everyone would make a great living and hamburger would cost 300 bucks a piece 😀
You do realize he succeeded because of the pr right? No one ever heard about his company but when he announced the equal pay. Everyone knew, everyone started doing business with them, increasing revenue and helping the 70k paycheck. If you read more on it, they were other problems he faced. Some of his long term employees left. His brother who confounded the company, sued him. It also matters on the occupation. Would you a phd student, who spent $200k on education, years of studying want to be paid the same amount as a bachelors student? No of course not. I am not trashing him, he did good, but this doesn’t apply to all businesses. No if this happens on another small company, it’s not gonna be the same.
@@andriod8014 You’re ignoring the fact that he forfeited his million dollar salary, and that karma attracted other like minded clients to his business. That karma also fostered the kind of loyalty that prompted employees to voluntarily cut their pay to keep the company afloat when their client roster shrunk during the pandemic. All of his employees are thriving. And not everyone with a ph.d. gets a starting salary of 70k.
But what about the new employees he could have potentially hired, instead of helping the lucky few. Especially when considering when we first read about this guy i think we all knew he would be ok, he would be praised by many of the people who surrounded him, so its not like it was a bad business decision. The problem with making the US like Europe where it seems to be like a socialist utopia is that they just aren't as big as us, and diverse of lifestyle as us
@@andriod8014 the fact is that they succeeded, and in business as in life, there will be casualitirs of war. That 'war' being an inability to achieve a successful meeting of the minds. De Niro said famously in a movie I don't recall its name, " everyone wants the baby, but no one wants to go through childbirth." To the employees who 'invested' in the company, their sacrifice is deserving of their reward.
Treat your employees right. Pay them well. And you will have loyalty FOR LIFE! They will care tremendously about helping the company thrive. What a great CEO/ leader. Well done.
I own a small company, in my country Indonesia. I give all of my employees way over minumum wage. The result is really good: employees loyalty, employee productivity increased, and due to our employees being happy at work, our customers are always getting served greatly 👍
@Don Carver seeing as business tripled and employee turnover was cut in half, I’m not seeing any logic in your argument. Did you even watch the video…?
@Don Carver the more coverage the business gets from this situation, the more customers they will receive. Their employees are seasoned and new ones are learning fast, this boost in employee performance increases customer satisfaction, raising the number of loyal customers and future business transactions. As long as they can keep the press on this for a bit to get even more customers, and those customers talk (because the majority of us do like to support a business that supports its employees) they'll get even more business than the last time they had this coverage. I don't think that money is going anywhere but up
Everyone should be using this company for their credit needs, make it one of the most successful companies to prove that if you do right by your employees you'll have one of the most successful companies.
you certainly got a point, this biz should be at the top of ethical portfolios one way or another (shares are not up for sale I think, so it will have to be another way)
It's like a butterfly effect. CEO shares more - his business thrives, gets more loyal and productive employees, boosts the economy and birth rate and creates a strong, healthy, succesful community. Could you imagine this on a more widespread scale?
Because... the can. I mean, i get your point, but that's what happens when you have an opportunity to earn enourmous money. I mean, it's understandable if he has a huge family, kids, their education, maybe helps out his elders and so on, but usually it's just because people are greedy. "Why should i put money in pockets of my employes if i can put them all in my own?"
The CEO took the risks and deserve to reep the rewards, the employees didn't had to put in a lot of money and time to start the business, its a lot of work to start one, that's why many don't and the ones who do and not put everything in place ends up failing. If ppl want fairness, then the employees should risk bankruptcy if the company fails as well, the only one burden with that risk is the ceo/owner.
$30million is quite generous lmao. Delta CEO bonus was $25 million during Covid and he fired 20% of his employees. Guess his bonus was more important than those employees.
@@jonmcclain662 CEOs are hardly ever those who started the company. They're usually brought on board an already successful company specifically to maximize shareholder value. So, they in fact face very little risk, and there is no reason why they can't afford to treat their employees well, they simply choose not to because paying your employees well and giving them good benefits decreases quarterly earnings and slows share value growth, which means that their paycheck won't grow as quickly, and they obviously can't have that (/s). Ultimately, it boils down to shortsighted greed.
Thats not a CEO.
Thats a Leader.
nah thats a grapist
supreme leader.....
@@donjon123 not everyone who is guilty.... unless he was proven to be so. I thought thats what you men have often complained about...
@@uceemeforeal8185 wait bros actually in a case I was literally just judging him by the way he looks damn. Also don't assume by gender you bigot
nah hes a fool
Not only did he pay them $70k per year, but when they had to take a pay cut to keep the company afloat, he reimbursed them the money they didn't get. That is a genuinely kind man.
Not sure Kind is the right word. Might want to look up the article August 19th, 2022 - CBS article "Dan Price, CEO who cut his pay so workers earned $70,000, quits amid legal woes"
Happened right after. Want to take a guess how many of those new employees were women?
Come to find out, he was only over paying mostly women staff so they wouldn't retaliate against his abuses. "Price has been accused of several physical and sexual assaults between 2013 and 2022."
@@DISOPtv Those charges were dismissed though and apparently he is back at gravity payments
@@hunkulus One of the charges boot licker. There were "several" allegations over the years. If it was anyone else, we would be in prison.
@@DISOPtva capitalist mouthpiece calling someone a bootlicker is ironic
People hate this because it shows that a company CAN be run well without greedy CEOs.
What a world we live in, where treating people well is shunned.
Yep
Conservatives and Fox News went on week long rambles calling him a Communist lmao
Even a country can run well without a greedy Government
Yes. This.
For the CEO to cut his pay so that he is making the minimum salary, just so his employees could thrive shows so much empathy. I wish them continued success!
Like and follow on social media...lol. 😂
I still can't believe people are mad at this guy for wanting his employees to have a decent life. He is probably one of the best CEO's out there.
@Zombie look at walmart one of the bigest super market chains in the world what has all that companys growth done for its employees? absolutely nothing they still get payed minimum wage the only people who benefit are the 00.001% at the top. thats not healthy for the economy
@not your catOther corporations hated it because it made them look bad and it skewed the “environmental” pay scale. When I worked, it became clear that all the local corporate managers had an unwritten agreement that one would not pay their employees much more than the others. That way, it tends to keep employees from jumping ship for better better pay elsewhere.
That's what struck me the most from this story. I don't get the backlash he received for having a minimum pay to his employees. As per the report CEOs make 320 times more than their workers so there is no reason not to do this. They're just mad because he is showing them it is possible and that makes them look bad. Shame on them for even saying in advance that his company will fail. I am so happy it didn't.
All of them were heartless greedy republicans
Great story and it was telling to hear Rush and the other establishment losers hope for his failure. What did Rush contribute to the world? Absolutely Nothing!
A man stands at his tallest when he bends down to help someone smaller than him.
they were never smaller then him.
@@Saveg36 we know he or she didn't mean it in a condescending way
no man stands taller than when he bends to help a child
@@whynot2734 his employees already had money, he should have just sent the money to a charity instead of his employees
@@Saveg36 You’re not wrong, but the quote is assuming something that many people in society tend to think; that people of increased wealth are bigger than those with less wealth. This assumption comes from the fact that they can afford more things, and sometimes it even goes as far as assuming that the person with higher wealth has a more difficult job requiring more education. To some degree, they aren’t wrong, but if we’re thinking in a more realistic and philosophical way (like you are), you’re right, a person’s wealth shouldn’t and does not dictate a person’s value and place on Earth because we all die at the end of the day, right? 😂
Bottom line, you’re right, but the quote is addressing something many in society believe is true.
The benefit to his COMPANY was good
The benefit to his SOCIETY was enormous
The problem has always been corporate greed at the top. CEOs aren't running and growing a company to benefit the employees. They're doing it for themselves and only themselves, for as long as they can before they move on to the next company. And how do they do it? Cut cut cut cut cut cut expense. And compensation is the #1 expense.
@@mindeloman LMAO.... Read up on that creep. He isn't what this video claims he is.
@jonasandezekiel1109 I don't need to read up on this particular creep. I've got enough to deal with my own CEO creep demanding we have 70% operating profit. He's probably chasing a bonus. Meanwhile we operate with less people than we need and everyone is looking to leave because they aren't making what they used to. American corporate economics in a nutshell.
@@mindeloman Best comment everrrrr
resigned as CEO of Gravity Payments on August 17, 2022
This makes me want to cry - it's really beautiful. Never heard of him/this company the first time around.
Bro literally reinvented loyalty
More like made innovations
this is a ploy to try and get people to forget his patterns of abuse and hostility. it's no coincidence his pay cut and focus on 'economic justice issues' overlap with him being ousted from the communities he was an active part of and most recently charges for fourth-degree assault with sexual motivation, fourth-degree assault and reckless driving mysteriously dismissed.
he's done this before, and he'll do it again. people with money and power use it to cloud the judgment of everyone around them. just search his name.
paid loyalty 100%
@@possumguts The charges came 7 years after his pay cut. Also, criminal charges can't be dropped by the victim. They can request it, but only the prosecution can decide. Additionally, the charges were dismissed without prejudice because they had insufficient evidence, ie. he is innocent because he has not been proven guilty. I don't know what backward country you live in, but that's Article 11 of the Universal Declaration of Human Rights.
@@possumgutsBro just because some woman said that you did something without any evidence what so ever does not make it true. Have you ever heard of “innocent until proven guilty”?
„My employees did way more for me than I could ever do for them“ is true for any CEO, always.
What a cool guy.
Yes it's always true- except for this time. He definitely did way more for them than they could ever pay back in return. It's unprecedented.
@@GameChanger597 No not even this time, that's the point. And that's what this CEO understands, which is what makes him so god damned based.
@@GameChanger597 In which way did he do more for them than they did for him?
they even helped him cover up the charges he got while being a r apist!
The employees took a pay cut so the company could stay open, and then the company payed them back once it had bounced back. That’s fierce loyalty and trust on both ends!
So it is not possible. The loonyliberal theory is that you can pay workers a lot through the good times and bad. But you can't. You can only give bonuses during good and take them away during bad. Which what all other companies do.
@@haylobos8261 "It is not possible" ...His business is still thriving. You're literally watching that it is in fact possible, while whining about how it isn't possible.
It's 100% possible, but companies are kinda forcing the issue because they don't want anything less than 500% profit and it's hurting the country as a whole.
GDP means nothing if half the country that isn't in jail is struggling while ~20-25% of the total population is in jail.
This asinine ability Conservatives have to worship the almighty companies and the almighty dollar while claiming to follow God will never cease to absolutely baffle me.
@@haylobos8261 there are a couple countries on Europe that prove you wrong
@@haylobos8261 how did you watch all this and then say it wasn’t possible after he literally proved that it is. If that isn’t ignorance idk what is.
@@tinymushroombigforest9745 You got no brane? They had to take a 40 percent pay cut. High wages for ordinary workers is not possible. He gives high wages when the economy is booming. Then lowers them when there is a recession. Which is what every company does. Get out of here with your liberal baloney.
You mean to tell me if you pay someone a living wage they try harder? This man has cracked the code we have been searching for since we first emerged from the oceans.
Too bad he resigned from the company due to assault and misconduct 💁
@SelphCreations he came back after resigning, he announced his return in May of this year.
Not saying he's innocent or anything, just saying he's not as long gone as you seem to think
Having employees be so loyal that they take a 60% pay cut when your company is going through hardship speaks for itself. Him paying them back as a thank you for sticking by him is virtually unheard of in America. This man is a god send.
No doubt, definitely a Godsend!
One in a million...or trillion...? A blessing to the employess for having a leader like him😘
@@JMK948 he looks like him
Facts
the only reason they usually will support the company is because they depend on their job for money
I don’t understand why it’s so bad and hard for employers to treat employees as a fellow human instead of thinking they are just replaceable. This man understands loyalty
Greed, it ruins nations.
This man understands the value of not dehumanizing employees into numbers and quota's. I do hope he becomes successful enough to give himself a significant raise.
It all goes back to "Dodge v. Ford Motor Co." it has been all down hill since then.
greed…
Key word loyalty
That’s the difference between today and back then companies and employees had more loyalty
Back then there was a incentive to work at a company many years, you would get the promotions and raises and your job was secured. Now employers will cut good employees to keep seeking more talent.
It's almost like paying your employees a livable wage makes them wanna work, and increase productivity.
strange indeed
Makes them more competitive to keep that and if they can't? Well, there's more people lining up for the job because of the wages.
His imployees arent making fast food sandwiches lmao
Almost indeed.
It worked great for his company, but it shouldnt be done everywhere
Wow this deserves way more attention than it's getting so far. What a person. And he's happier for it. Lesson for sooo many people. Not only CEOs but all of us to be honest. Everyone could do this in scale.
Lets not forget the general public wants to support companies who treat their employees well.
I always feel better when I go patronize a business where the employees want to be there. I realize that the point isn't how I *feel* about the business but it really doesn't make a difference to the whole business experience.
Htf does a toilet janitor get 70k a year???
@@posh7079 you forget that janitor is still a person who has value, i can't believe you didn't learn that during the pandemic.
My jaw dropped that the company is 4 months close to bankruptcy, but if it wasn't for the employees love for this company and maybe because they are thriving in life earlier because of that highly generous pay increase, volunteering for months of pay cut!!!
They wouldn't survived by now!!!
The CEO then saved his employees by raising their pay, and produced a loyal employees back then.
Now his employees saved his company back by then volunteering to not get paid for a bit.
That's just close and tight corporate family love right there.
Exactly! Great point!!! A great guy to work for and a great guy to do business with I’m sure. Awesome all the way around love it
The fact that employees were willing to take a voluntary pay cut to help the business AND THE BUSINESS PAID THEM BACK...wow. AND they all chipped in to buy him his dream car...talk about a work family. Amazing...kindness and compassion goes a long way.
If you say 70K, it should stay 70K. Not 70K when the economy is booming. Everybody already does that. They pay more when the economy is booming and then reduce it in bad times. He is just a charlatan. You people are silly.
@@haylobos8261 the employees CHOSE the pay cut. He didn’t take the money off them. They OFFERED. Did you even watch the video??
@@DebbieAkano they probably watched the whole video but did not register that one because they only want the negatives on all the positives that happened in this company.
@@haylobos8261 No they’re not silly, you should go look in the mirror and tell us where that brain of yours have gotten you! Why did you think it was necessary to inject your dystopian, draconian, fried up frizzle mentality, and all your negativity into this conversation? So maybe the silly one is reflective of you! So let me ask you this question, do you wear a mask?
@@haylobos8261 you're just mad your employer doesnt pay you like a living breathing human being that needs to stay alive
This man created a family not a company. He made sure everyone is taken care of. Amazing
It’s a beautiful thing. Right in the face of widespread corporate greed.
Wrong! He emphasizes that the company is not a family, and that it is simply a company and you owe it nothing. everyone deserves time off for their real family. he makes a big distinction there.
@@habibbialikafe339 shut up
@@bethanyschlientz7982 no u
I'm glad I wasn't the only one to notice this.
He’s getting back what he’s giving for a great purpose! God bless him!
This man is richer in life than most humans with the things money doesn’t buy.
Great leadership, humility, humanity, honor, love, community.
Although he makes 70k he owns the company so his net worth is higher. Just saying but this guy seems like a pretty cool CEO.
@@noahremnek3615 Can you tell me what is net worth of being loved and respected as much as he is?
@@zpetar Idk his net worth exactly but it probably decently big.
Long hair...
A true king
He humbled himself and put himself in his employees shoes. This is an example of a good human being. God bless this man.
He has.
Oegcbb.
i hope he sets a trend and other companies see the benefits of paying their employees more not just for them but for business in general
He's a complete and total fraud. He purposefully manipulated thousands of client contracts to not only gain an unfair competitive advantage but also swindle millions for personal gain. His brother and his father own a separate company called Axia Payments where they banked millions then got handed a huge lawsuit because Dan Price sold trade secrets and business information for 1,100 clients to launch his own processing business. He has a very dark past and he's lying about only making 70k a year. You can find dozens of articles written by investigative journalists exposing him.
@@intihumala9087 cant believe everything you read, I worked for a processing business in NYC. If any of the articles were 100% true he'd be sitting in jail, those supposed claims against him are federal offenses and money laundering.
The reactions of those rich folks is a disconcerting showcase of how much control they fear to lose over the poorer people.
absolutely. especially with the context that those people are being paid off to make sure the charges he also paid off to be dismissed aren't brought up again, because he's 'such a nice and generous guy'. google his name. the employees that aren't terrified of him are family members - the others claim horrible treatment and abuse.
@@possumguts From what I'm reading it sounds disgusting. Sad to see such a rare example of fair compensation being used to market a narcissist.
@@possumguts Lmao you conservatives are hilarious.
They create the poor or they could not be so grossly rich.. lords and kings we left always return and poor ppl give them their vote????
@@doc-holliday- Are the conservatives in the room here with us, right now?
Can't describe how happy this made me, I would drop anything to work for a CEO like that. Look how happy everyone is. inspiring..
He had to resign because sexual misconduct and manipulative behavior, his wife also accused him of assault for years. Still want to drop everything to work for him?
@@raynheunes6291yep
@@raynheunes6291Those were proven false accusations
This ceo actually cares about his employees not just money. Blessings to this man.
Exactly friend Gd heart
Double your return in six months!
He is an incredible human being
I wonder how many of his employees would fallow this boss and open a company and pay that well to their workers,or maybe they are too selfish to do that.
I agree.
This shows that there is plenty of money out here. The problem is the greed of these companies.
this is a ploy to try and get people to forget his patterns of abuse and hostility. it's no coincidence his pay cut and focus on 'economic justice issues' overlap with him being ousted from the communities he was an active part of and most recently charges for fourth-degree assault with sexual motivation, fourth-degree assault and reckless driving mysteriously dismissed.
he's done this before, and he'll do it again. people with money and power use it to cloud the judgment of everyone around them. just search his name.
Yeah. I'd imagine that CEO salaries have skyrocketed over the past 50 years to 320x the average employees.
We shouldn’t be greedy or selfish we shouldn’t love money
God wants us to give generously 😊
@@possumguts You got a source for those claims? Because if it's true I'd like to look deeper into it.
@@izerochan the seattle times writes about it
The trick is that the CEO earns 70k too but he also earnes HUGE respect and LOYALTY.
Not really
@fosterpainter This is why capitalism is failing. Capitalism replaced mercantilism. The main thing in Capitalism is that companies have no responsibility to the system that they leach off of; no other purpose than to generate profits.
Yes, lead by example
And profits, which is awesome!
That and I'm sure he has other income sources.
This is the kind of service leadership we need in the world.
It’s almost like treating your employees like human beings with the dignity and respect they deserve has benefits.
Who could've guessed
It surely does, no doubt about it
Imagine that
Wait you might be on to something 🤔
No, this is ABOVE AND BEYOND giving "dignity and respect." Much more. This spirit of his is, well, GOD-Like. #sacrifice
He is a man with a golden heart. He cares about humanity. Kudos
There's a difference between being charitable and financially thriving. Obviously allocating your own paycheck to your employees will work as long as you deduct your own salary. That's not a success, it's charity. Good for him, but how can you expect CEO's to incentivize their ambitions and innovations with a meager paycheck that does not expand? Isn't the point of a business to be profitable to the individual to some extent? The man is running some payment company, nothing large-scale. You can't motivate high ranking employees with this business model, clearly Dan Price is the sole captain of this ship, and I'm sure it's a feelgood story but it's certainly not viable. Nonetheless, the poor will be tempted to elicit this example as a call for equitable pay in line with socialist doctrine.
Well he figured out a way to get rich on the side through speeches and interviews. He also grabbed a ton of wealth before he did this move.
@@Leoo117 You're saying people shouldn't build business for accruing money but for securing happiness?? Such an egregious projection. Not everyone has such 'virtuous' hearts. I'm sure you'll build and manage your own business, expand it, all for one static price tag. Meanwhile, expendable employees will cash out of your hardwork. You clearly have no clue about management and leadership because you're just a poor sod.
@@maaz322 Your missing the connection here. Yes, you build a business to accrue money, but it is more efficient to accrue the money if your employees are happier. THAT is the connection here. Don't take my word for it. Take the word of the guy who already did it. He was humble instead of haughty. Also, there is no need for calling names and being disrespectful. I wouldn't do that to you, so please don't do that to me.
His company is a software credit card merchant services company. It has no physical product. Doesn't need expensive business insurances coverages. Just basic ones.
His company charges 1 to 3% of credit card purchases and monthly fees.
On $100,000 running charges can make north of $3,000 month.
Looking over is books they have $3.4 billion in purchases with over 15,000 companies.
So they making $100 million year gross income.
They have around 200 employees. So about $14 million goes into payroll.
Yes, only 14 out of 109 million a month. Around 14%. This guy is a hero, lol what a good samaritan LMAO. You know he gets the money on the back end. Any smart CEO would pay themselves as little as possible.
Jeff Bezos salary was $81,840.
I hope this man and his company thrives for many years. He is a blessing to his employees.
He has a superiority complex. he has accusation of harassment and rape, with police investigations. The company is also financially unstable and has been since the day he announced this 6 years ago
@@bryan-cv2ewthey were bound to come for him.
@@bryan-cv2ewThe allegations were dismissed
Partially true. The company is doing well. He did get charged but he beat the charges. None the less, he still stepped down as CEO so he wouldnt hurt his company or workers. @@bryan-cv2ew
sure sure soruce trust me bro@@bryan-cv2ew
Heartwarming story!! Kudos for a CEO with loads of integrity!!!!
This CEO guy took 1mil USD pay cut to increase his employee's compensation to 70k min,the employees took a temporary pay cut during the pandemic,got repaid the difference and actually resulted in a much lower turnover rate and more productivity for the company. This story is crazy good. 😮😮😮
😮!
And then he got ousted as CEO after allegations of assault and r@pe. Not such a crazy good story anymore huh?
That sealed the genuine stamp for me!
Probably the best example of how a CEO takes care of his people, and they in return give him fierce loyalty. It’s about the relationships at the end of the day
Thought the same thing. This is amazing Wow 😍
Probably the only example as well.
@@AddBowIfGirl socialism can work in a very small scale, but when u talk about millions that is a complete diferent beast, there is no control over what everyone is doing, u will have alot of people just sitting around doing nothing waiting for the pay check, and that will create a domino effect that will colapse ur system, socialism is based in the naive premise that everyone is an angel and will do what he is suppose to do for the good of everyone else, and that... is just stupid.
"Its alot" what?
@@namamora1190 strange though how those socialist policies are actually working in most industrialized countries... basically the whole of Europe (about twice the population of the USA) is made up of social democracies.
the fact the employees bought him that car means that they are loyal and grateful. no one else would do that for their CEO. i hope this company thrives
I don’t know why. He was already a millionaire
@@louissanderson719 because he cares about his employees and doesn’t seem them as discardable trash?
@@louissanderson719 maybe cause they wanna thank him for changing their lives, yeah didn’t have to do it, but did it anyways just like how he raised their yearly salary, and his company is still thriving cause of his employees.
@@louissanderson719 money doesn’t matter if people don’t think to give you gifts no one likes you.
@@louissanderson719 i think he got less and less of a millionaire over the 6 years he wasn’t paid millionaire money if you know what I’m saying?
He is the example of what companies should be NOT the greed infested companies that we have today.
the fact that he KNOWS how many of his employees are buying houses and having kids. THAT is what leadership looks like.
Excellent definition of leadership, Block.
Leadership has absolutely nothing to do with intrusion on peoples personal lives.
@@smolpener7430 Thank you for providing an example of what Leadership is not. We should all be so fortunate to avoid the mistakes you've made.
@@smolpener7430 So you think that he secretly taped every birth that took place and kept a tally in a little black booklet? I'm sure the employees voluntarily gave him that info. You sound like a complete nut job, and its never too late to delete your braindead comment by the way!
@@smolpener7430 Go to sleep bro
An absolutely BEAUTIFUL display of human kindness! Bless Dan and the employees at the Gravity!
Just to make sure you know. Software Engineers can make over $100K elsewhere.
If you are a superstar software engineer. Would you settle for $70,000? If others don't have your skills or work ethic they get paid the same you wouldn't feel okay with it. They leave you to work more hours and all of you get paid the same. Even entry-level assistants.
Also, the guy is loaded. He makes money off his company in form of dividends. Saves a ton in taxes. I guess he doesn't believe in paying as much in taxes.
@@alpharenz1329 Yes we are aware, we're a dance education tech company
@@alpharenz1329 You miss the point. $70k per year is the MINIMUM. The vast majority of his employees are not software engineers and nobody is under any delusion that Price will not eventually benefit from his company value appreciation, which is considerable considering his success, but since his company is private I'm not quite sure I understand your "dividends" comment. How is he making "dividends" on his company? It looks like he's putting the profits back into the company and its employees.
@@5350nbrookmist as a private company you can hand out disbursements/cash dividends. You can look it up, ask Google to help you. It is a way to avoid higher tax brackets. Not faulting the guy. Just point out what should be obvious. Most CEO elect to get lower salaries.
This is brave in the U.S. but it is the bare minimum.
Imagine paying workers a livable wage and treating them like human beings that are actually integral to your company's success? What a crazy concept.
Sad, right? This should be the standard. 🤦🏾♀️
Madness!
Far right Republicans can’t believe it
I could. But i dont have money.
This person is delusional. Some one take him to the infirmary.
A wonderful man. He is an example for others CEOs
Not only has he made his employees loyal he's made customers want to do business with the company because of the humanity he's displayed, well done mate.
We talkin about twitter right?
We should question why we do business with Amazon & Walmart....???
Good example of honest and loyal business right there
Do you actually think he does a single thing for his employees? He did this as a ruse, to glamourfy himself. and he has many common people tricked. however most pros see him as another youtuber
@@greenwave819 well according to the story he's done more for people than you probably ever will with that attitude.
People calling him socialist lunatic in this video, shame on them. This man is a leader.
Is that why he abused his employees? He is no longer CEO as well. "You have to work 70 hours this week because I pay you 70k or you're fired" sounds like a wonderful place to work.
@@robvan6274 proof?
@robvan6274 as opposed to all the other tech firms with their very reasonable work hours./s
Even if that 70 per week figure is true that's not so different than everyone else in that space. Larger companies with even crazier hours offer less, thinking that a smoothie bar and gym somehow going to compete with ACTUAL $ when buying the loyalty of employees. It's why early space x engineers are so fanatically loyal to musk.
@@thenameisblu non sequitur. I don’t care about other companies. We are talking and THIS company. Which this is outdated. It was just a marketing tactic. Just a brief web search of this company explains the controversy that unfolded in the months after this was published.
@@robvan6274I mean he can still be a POS and do the right thing. I don't really get if you are opposed to the potential of praising of a bad person or opposed to the salary policy. Because those are two different things.
He found happiness, meaning, purpose, legacy, respect, appreciation, support, trust, loyalty, growth and love. Not to mention success. Other CEOs made nothing more than money. The mere fact that he was attacked for having a good heart just shows you how corrupt the corporate culture is.
He not only found it, but he’s spreading it. He’s truly blessed.
Nicely said.
So true!! He has what really matters, and has made people's lives better as well
Exactly!
Well said he needs to start his own MBA programs too…put them all to shame. God Bless this man
This is a man who appreciates his employees and knows the value of hard work and dedication. He is sharing his success with those who are part of his team. 👍👍
He owns 100% of the stock, so even though his “salary” is 70k (what he needs to live, just as any of his employees), his net worth is skyrocketing (300%) because he took care of his people, and now his people are actually his people - his community, friends, family.. wild idea…
Trickle up economics works 100% of the time for everyone. Trickle down economics also works 100% of the time...but just for the 1%.
He's set for a good life, for life. Even if he somehow goes bankrupt, these people have his back and will help him get onto his own two feet if he ever needs that.
Smart and fair/healthy capitalism
It’s not wild. It’s socialism. And it works.
@@SavingPrivateBob it wont come to that for them. the tough part is over.
He BLESSED his employees they blessed him back and his company is still thriving! What a model lesson.
No he more evenly distributed company profits among the employees. Why do you have to use a religion adjacent word ?
@@infinitemonkey917 because that’s how people like that make sense of their reality
@@infinitemonkey917 because people like him/her are completely brainwashed.
Exactly! But the greedy executives don't believe this. Some people love watching people squirm and live paycheck to paycheck. They basically live off the backs of the workers...This is a beautiful story because he actually cares about the employees....But you know the psychopathic narcissis won't understand this selfless move...
*That dude got soo much money now he is banging his asian wife for babies*
In the long run he’s saving $$ because he’s able to retain his loyal employees and not worry about recruiting, training and hiring new people who will end up quitting after a year anyways. Some of these companies just operate in this endless cycle and don’t realize it’s costing them 10x what it would be if they just paid their current employees reasonable salaries.
Oh, they realize it's costing them more, but the C-suite bottom line is never affected, so they don't care. They'll just keep salaries the same for the foreseeable future, while they get 5x increase in compensations.
Costco Wholesale is the worst. They treat their employees like slaves.
Its costing the company 10x more on disloyal employees, but the CEO's can earn up to 100x more per loyal employee.
Its partially why HR and bosses are so passive aggressive when anyone leaves with no notice, or no longer put you on schedule when you do give notice. Not because they needed the time to replace you, not because it cost the company quite a bit of money to recruit someone new, but because they no longer earn money from your position.
Its relatively fine if they can replace you, because paying you 8k a month(insurances etc) while you earn them 20k a month is their real benefit, it doesnt matter if they have to pay 5k a month to replace you, they no longer earn that 20k a month.
@@Predated2 70k for everyone and he cuts his 1m salary to 70k thats like what another 24 employees worth of no?
Rare to CEO that happy, that’s saying something
Imagine being one of the losers who criticized this guy. This guy is what all CEOs should be, someone with a heart who knows everyone deserves to live a good life.
Come to find out, he was only over paying mostly women staff so they wouldn't retaliate against his abuses. "Price has been accused of several physical and sexual assaults between 2013 and 2022."
@@DISOPtvhow much are they paying you to get on your knees and bark for *real* creep CEO's who also don't pay ppl?
@@DISOPtv soo many people in this thread just want to believe that anyone who has a problem IS the problem...
Dan Price is a whiny loser
@@Phirebirdphoenixwhat??
Dude, this guy is responsible for some new entire people coming into existence with his generosity. That's incredible.
#godfather
Priceless ...
@@stunna313 😂😂❤️
@@blakejohnson3864 what
@@boa9557 Don't worry, it's just Thanos learning to write on UA-cam comment sections.
This has gotta be the best "I'll prove you wrong" moment, guy is so loyal to his company and so humble, may his company continue to grow
Amen he’s a good man
But it’s not. 70,000 is not a lot in fintech. It’s peanuts.
He wants you to believe that, that is what he is paying formerly minimum wage earners. You just bought into his marketing.
This is the real American dream. This man really cares about community and his employees mean so much to him. Congrats!!!!
Man if my company did this… “fiercely loyal” would be an understatement.
Companies get what they give
I’ll be fighting just to get to work
period
@@jio06 literally
No fool. Companies get what the market pays them
So true
I got chills hearing about the employees willingly taking the cuts for the company and then being repaid in full. It’s really moving. Honestly if a boss were to do such a kindness for me and my company I would do my best to return the favor.
Me too. My heart melted when they said he repaid them in full. Amazing!
And they do exactly that. Treat your employees well and they do a MUCH better job. Customer service improves which keeps customers and brings in more customers. It's a win for EVERYONE. There are no losers in this anywhere.
I like how people are triggered he’s paying his employees well
Did you catch that too 😂😂😂🤣😅
@Adrian Nelson what?
@Adrian Nelson seriously, bet the cognitive dissonance becomes too much for them.
Lol they're all Gravy Seals and Meal Team 6 mf's. It's so sad because these guys take woodshops class in high school and then turn out to go full on MAGA by the time they're out.
@Adrian Nelson This is the best comment on ANYTHING I've read online, ever. Thank you!
We need more CEOs like him. The fact that politicians and capitalists trashed him is so disappointing. They're so greedy and out of touch.
As a capitalist I can’t agree more 😂
Unfortunately he's a serial woman abuser/assaulter. Why does this always happen with the nicest-seeming guys? :(
You should stretch before you reach
@@browncatwithblurredbackgro2461 shut up bro
@@browncatwithblurredbackgro2461 how many older people do you think can genuinely preform at a job that I assume is 99% computer and over the phone work. Has nothing to do with whom he hires and everything to do with the fact that the older generation isn’t as good with technology by large.
Crazy what employees are willing to do when they're treated fairly and giving a chance to succeed in their workplace. This man is doing God's work.
He will continue to thrive
You can tell these employees will never quit. They all seem so happy.
Yep the other business owners who don't like him just mad he exposed them for being greedy world is pure evil
Get back to work lol
Some employees think that they're not treated fairly enough when they actually are
This guy has done what companies in Denmark have been doing for more than 60 years now. Congratulations for this CEO for doing what makes sense for humans.
Seems like Denmark is doing it right.
I'd like to know what it is companies in Denmark do that in any way resembles this. Seeing as I work in Denmark, in a Danish company, and it's nothing like that.
Sure, we have much more liveable wages, but that's not due to generous CEOs.
It’s a bit more manageable when you have 2% of the US population across Denmark
@@xXCdOg24Xx a bit deceiving of a metric when that "2% of the US population" lives on what represents 0.53% of total US land. Meaning roughly 4x the population density. These things are scalable.
@@Troggedemic in the video they explain that american ceo's tent to make ×320 the lowest income in their company. While in europe (if i remember correctly) the standard is around ×70. Which is still rediculous, but in comparison already a lot beter. Bc all that money payed to 1 person can now be used for more balanced saleries, or investments in the company.
That's one amazing CEO - he's greatly improved the lives of all who he employs, and while taking a huge pay cut himself, enriched his own life greatly as well. He is truly living a good life!
It doesn’t take a lot to be a genuine human being, Dan deserves everything the world has given him! There’s not many people like him left
No, but plenty in the making.
@@bugmanuk I saw a segment on DW (Deutsche Welle) about this being an entire movement that is getting started in Germany and elsewhere. There are cooperative models of business that are taking form, and a few that are already here in the US. I had seen coverage of a few co-op businesses here in the IS. All employees owning an equal share, everyone making enough to live comfortably. There are so many options and as you say, people being made that understand this is the way to go.
we can all strive to be genuine human beings and then there will be plenty
His business is making BILLIONS off of LEECHING off OUR money...he is a money predator, not a hero.
@@thomasjones4570 Can you explain?
He understands the saying, “it’s better to be loved than to be feared” to its fullest. People don’t go out of their way because they’re forced to, they go out of their way because they want to, and he knows that mentality with his employees is basically the most sustainable type of business style
The quote is actually "It is better to be feared than to be loved, if one cannot be both."
It’s from the prince, if you haven’t read it I’d give it a read. It does open your eyes more than you’d expect.
I do agree with what your saying it’s just the source your pulling from basically argues the exact opposite point your making
@@lonebear7563he was quoting A Bronx Tale…
100% agree
People who get respect because they are feared are not truly respected anyway.
It’s nice to know that people like this still exist. Warms my soul. Really.
Sadly it's very rare tho. That's why they made it on the news.
... And in muriKKKa of all places...
For good ppl this is a HERO.. for ppl that shouldn't be on this world he's a Ignorant!
👏🏼👏🏼👏🏼
this genuinely made me cry. this shouldn’t be the exception, but the RULE. god bless these people
I was about to comment this. Me too
All that's needed to change 'the rule' is to adopt the Marxist principles of corporate democracy, where all employees of a company get a share of the company's profits and a vote on how the company is run, what they do, how they do it, what they do with the profits, etc. This is already done at many companies and it's possible right here in the USA if people want to do it, doesn't require an act of government.
See the work and teachings of economist Richard D. Wolff, a leading exponent of this idea.
same, i felt silly for tearing up over this, glad im not the only one 😂
I don't understand why anyone would be upset with a CEO give his employees a livable wage. Both my husband and I work full time and we are still living paycheck to paycheck. Wish this was the norm for more companies
Because they are greedy and wicked.
Same!!
@@ultraplusmusic6101 ???????????????????????
It's complicated, right? Capitalism allows companies to find the cheapest labor possible, if they so choose, in order to maximize profits. For a janitor at a local gas station, this might be $8/hr. Whereas a manager at a local restaurant might make $40k/yr. Either way, it's bare minimum based off the market and what people will accept. This guy, however, comes in and says $70k/yr minimum, regardless of market. This is simply an entirely different philosophy then everyone else operates off of. His philosophy requires thoughtfulness and sacrifice and is based off a concrete ideology: that people should make a living wage (of course, what a "living wage" is can be debated).
At the end of the day, if the result of all this is that people stop accepting such low salaries and businesses have to start paying their employees more money, I don't think it will be that big of a deal. But as of today, companies are pushing back mostly because they know a large percentage of people are willing to accept much less than 70k. Therefore, raising salaries above what's necessary to hire the employee is foolish (in their minds).
how ? …
This man does something completely selfless and all those people wanting him to fail? But loving the selfish billionaires who give far less and care less
This!!!
Makes no sense
People love to worship something bigger. It’s the effect of liking something you can’t have, and viewing kindness as weakness. It’s human behavior. Some people are just so inferior.
they DO NOT care about the people
@@AdrianTheSlay3r1 you say that it is human behavior but then say that some people are inferior? Your ego is showing there!
Outstanding leader. Other CEO's don't care about the employees that actually maintain the business but instead their wealth and greed.
“we’re not just living, we’re able to thrive” that’s what life should be about
All these technological advances, and people are just trying to survive. I wonder why 🤔
A man with a big heart. Willingly giving his own money for the sake of employees. He deleted greed from the equation, in turn brought loyalty and love for everyone. I aspire to be like him someday.
this is a ploy to try and get people to forget his patterns of abuse and hostility. it's no coincidence his pay cut and focus on 'economic justice issues' overlap with him being ousted from the communities he was an active part of and most recently charges for fourth-degree assault with sexual motivation, fourth-degree assault and reckless driving mysteriously dismissed.
he's done this before, and he'll do it again. people with money and power use it to cloud the judgment of everyone around them. just search his name.
You aspire to be a grapist?
@@possumguts You care to share receipts?
the company is bleeding money and wont be paying any employees pretty soon.
@@kkampo_ You still have not given any receipts, I do not believe you; also that statement is a 360 from your previous one.
EDIT: Hang on. I though you were the other commenter. Still, no receipts, I still don't believe anything.
He only takes $70,000 home and he never even mentioned that his company was “family”.
Yeah right! When someone says that about their company its a 99.9% probability that they are the worst instead of being one of the good guys
so true bestie
he probably makes more than 70k I'm assuming that 70k he mentioned is just his cash compensation usually the bulk of exec pay is stocks
@@SyedAli-xb8by It's also possible that he just has millions in savings and is living off the 70k/ year until he retires. Plus you have a good point he can sell of shares of the company that he is growing in value and giving good publicity to.
Which is ironic because some of the employees are literally family lol
Humanity NEEDS leaders like him, not the politicians we've had.
It’s crazy how some were against this move. If this CEO wants to give a good wage to his employees, let him. The critics are probably the ones who love seeing homeless people on the streets and then blaming the government for it.
Other businesses were critical and against it because of it worked (it did) there would be a real precedent for paying employees more and CEO’s less.
The problem was this guy wanted other businesses to be FORCED to follow his business model.
@@michael7264 I mean 70k a year in Seattle should be very little to ask for considering the standard of living. 35k is completely unreasonable
It's 100% ok if it's on a voluntary basis, when it becomes a problem is when people want the government to mandate this business plan
EXACTLY!!!
I'm glad he's much happier now and thanks for this, I learned something new.
Listen to his interviews. Really good business advice. Esp his valuetainment interview
Wait WHAT?! I used to watch you back in like 2013!🤭 I have to subscribe, completely forgot about your channel until now.
Yeah instead of laying flat we could have paying fat.
@@greenwave819 LMAO, its funny how sensitive you are, of course he is still practicing a capitalist system, problem is that you see someone that doesn't prioritize maximizing profit for themselves and you instantly cry socialism
How'd you pull it off? Him: Because I help run a usury scam system that ruins millions of Americans lives with interest payments, aka USURY. I have no love for this man.
“ we’re not only just living..we’re able to thrive”. This is the one that hit me the most. As someone who has been riding the struggle bus as long as I can remember, that line hit me the hardest. I really wish more companies can take notes.
Absolutely!
Wish all u want it won’t happen ya stupid as
@@xxxmx4568 so much hate in your heart. Don’t have to take your unhappiness out on others for no reason. I hope you have a good day. Try spreading some kindness it feels better.
That’s bad for business.
Lol and if it’s bad for them it’s even worst for you
@@xxxmx4568 WOW...
other rich people in their expensive cars saying they "earned" it. they took it, this man earned it.
The fact that people like this exist in this cruel world.. Gives me hope. More power to them.
the real story is all of these people are his family and he's paying everyone off to help cover up that he's a r apist. just google his name
@@possumgutslol what? Dudes charges got dismissed because the court found the victim’s story to be “inconstant with contradictions” not only that but your thought process is straight up illogical even if you ignore the fact that he changed peoples salary before said allegation it still would make literally no sense what so ever for the dude to put his name and face out publicly while doing creepy stuff he would of simply taken the million dollars and done his horrible activities in private
Its very weird how you’re okay with lying and possibly ruining someones life over something that was found to be unbelievable in court you my friend sound like one of amber heards supports and to think its all because the dude paid people property… have some self reflection
He’s literally not even the CEO anymore… stepped down in 2022 after being sued and accused of rape and kidnapping lol
@mattengland653 his company is publicly traded?
Hi I am also one of them hehe
Sounds cringe and narcissist but I'm not a bad guy haha
He isn’t crazy, he’s valuing employees, something all employer’s should do. Be for helping others get ahead, treat them as you would want to be treated in the workplace. I spent 33 years with a man like this, who put needs of employees first, invested money for them to have upon retirement, and when times got hard, received NO paycheck for 3 years to prevent laying people off. No job in his company was beneath him to do himself. He’s gone now, but never forgotten for being like this, and I in return would have taken a bullet for him anytime.
Sounds like a champion.
I don't know why, but your comment moved me.
I felt the last sentence especially.
So many people feel unappreciated in their line of work. I’m happy you felt appreciated and cared for. He sounded like an exceptional individual! Glad you had each other in life.
Thank you for sharing!
What a legend! Rip to that man!
This guy is a hero. He didn't let Greed control him like 99% of most CEO's!
But we will not be satisfied, than they will want a raise later down the road. How much can you pay them?
Lets raise that number to 100% and just say he's the one CEO ever to not let freed control him.
@@samuelsanchez2010 did you watch the video? When there was a downturn during Covid19 the employees voluntarily took pay cuts. Now that's loyalty.
You get what you pay for. This company pays for happy, motivated, loyal workers. And generous, they chipped in to buy the boss a fancy car!
Similar story: an ice cream shop started offering I think it was $15 an hour. Now they have plenty of staff, unlike all the places you see who can't get anyone to work for them. And the owner pointed out how the staff are happy and cheerful because they didn't have to work 3 jobs to survive and the business was doing great because people wanted to go there for the excellent service.
He is ABSOLUTELY AMAZING! HE HAS BLESSED so many people, even taking a pay cut from his own self! Greed is not in his moral compass & I pray his business goes on to be so successful especially during this darn pandemic for many many many year's to come!!! We need more businesses & CEO's/CFO's like this! The world would be such a beautiful place if we can do things like this! Coming together by putting other's above yourself! Absolutely love it..You good sir, are a rock☆star! Sending you love & praise from Cali!
99.9
Gravity repaid them what they voluntarily took in cuts. I feel like that is really the star of this story! That is true leadership and means that the employees really matter to the CEO
He should be teaching in every MBA program across the country. His humanity yields what money cannot not buy; community. America could use a reboot in this humility.
Amen to that
thats why i left permanently and came to Africa
Not everyone should get a 70000 dollar paycheck 🙂
@@mr.horrorchild4094 Not every person would want it. Employees whose values align with this company are the ones who want to work there and are earning their pay. People who don't work hard, aren't team players, or are self-serving either left or didn't get hired. I see no problem using a pay scale to weed out unwanted employees.
So that every future business owner can bankrupt their company within days? nice!
I love the bit about the car. He could have bought himself the car before, but it must feel a million times more amazing to have your employees be so grateful to you that they buy your dream car for you!
That's how lifelong friendships start. Like we gna rise together, it's not about me...It's about all of us. We are all integral parts of this corporation with the same goal in mind.
Amazing !!!!!
There is only one simple reason why other companies aren’t doing this. It’s called GREED ladies and gents!!
Imagine working in a company where everyone loves their boss. Also imagine a CEO feeling loved by all of his employers. Well done Dan. You are one of a kind!
Yeah he felt so loved that he raped someone
hes charged with sexual assault
i mean no shi. wtf he gone do with millions of dollars ? 2 houses just plain stupid. cars is just dumb. Now he has like generations after generations of loyal workers who have babys now and ima assume them babys arent gonna be working anywhere else. Almost like a family business that will have a loop of more of the same family while all making equal pay. Like the company is the ceo in this.
@@-dmm ?? You can do a whole lot with that money lol. It wouldn't be a selfless action if there was no sacrifice. All that money is going to the employees, which is kind of the business. Plus he was in the negatives for a portion of the new system. Down playing his generosity would be the worst thing to do. At the end of the day, he could've given them all a $5,000 bonus and that would be "generous" for a CEO.
It's actually incomprehensible to me, I literally cannot imagine it.
This is the only company you can call "family" without being fake. Other companies have this family culture BS but it's for you to stay in the company while they pay you peanuts.
a lot of them have family culture but only between low earning workers...
True
Maybe the other companies are family too, it's just terrible abusive ones.
@@gateauxq4604 i wouldn't call those families then
Peanuts xD
Great story, that’s a REAL BOSS. Everyone wins when everyone is happy .
He’s a REAL LEADER, that’s the difference but you’re totally right.
Google him and think about what you just said
As usual Rush Limbaugh needs to stay in his negative life lane and stop projecting his negativity on people who actually get how life works. Rush needs to hush! Once again you have been proven wrong that giving people , get blessed.
@The Courier I know. I don't want to give a thumbs to that bc he's already gone. I get what you're saying.
@@chrisnikki999tarot4 1. You said "Rush needs to hush", not knowing that he died recently. I know you didn't say that intentionally (even though you said you did for some reason) but that's about as morbid as it gets.
2. You think that Rush Limbaugh doesn't understand life? You don't even understand that the guy in the video underpaid his employees for 11 years while giving himself salaries of over a million dollars, and that he only doubled the salaries after a massive lawsuit was filed against him. This guy embezzled millions of dollars.
mans a genuine legend, a ceo and a leader who makes the same as his employees (plus extra in stock, understandable), thats someone i would follow and back everytime
The world could use more humans like Dan Price. He sets the tone and the example and his employees follow suit. What an amazing story. You reap what you sow.
Robert. Gang gang.
ua-cam.com/video/MFzJLr0fxCQ/v-deo.html
Indeed
Well said.
"Way happier now than ever was"...that should be every employees and employer's goal...GOD Bless this man...he's an employee's dream CEO...
@@jetpacmozi746 Keeping up with the Jones?
Yes, God bless him! What a beautiful business model. This story gives me great hope.
@@betsysoderquist9954 I hope McDonald’s goes do this business model!! How great would it be everyone would make a great living and hamburger would cost 300 bucks a piece 😀
Boomers hate that
@@BeeHiverson Hamburgers wouldn't cost that much, infact it would bring quality service to the restaurant. I guess you don't about Chic-Fil-A
More businesses need to do this, I’m sorry, should WANT to do this.
Well said.
You do realize he succeeded because of the pr right? No one ever heard about his company but when he announced the equal pay. Everyone knew, everyone started doing business with them, increasing revenue and helping the 70k paycheck.
If you read more on it, they were other problems he faced. Some of his long term employees left. His brother who confounded the company, sued him.
It also matters on the occupation. Would you a phd student, who spent $200k on education, years of studying want to be paid the same amount as a bachelors student? No of course not.
I am not trashing him, he did good, but this doesn’t apply to all businesses.
No if this happens on another small company, it’s not gonna be the same.
@@andriod8014 You’re ignoring the fact that he forfeited his million dollar salary, and that karma attracted other like minded clients to his business. That karma also fostered the kind of loyalty that prompted employees to voluntarily cut their pay to keep the company afloat when their client roster shrunk during the pandemic. All of his employees are thriving. And not everyone with a ph.d. gets a starting salary of 70k.
But what about the new employees he could have potentially hired, instead of helping the lucky few. Especially when considering when we first read about this guy i think we all knew he would be ok, he would be praised by many of the people who surrounded him, so its not like it was a bad business decision. The problem with making the US like Europe where it seems to be like a socialist utopia is that they just aren't as big as us, and diverse of lifestyle as us
@@andriod8014 the fact is that they succeeded, and in business as in life, there will be casualitirs of war. That 'war' being an inability to achieve a successful meeting of the minds.
De Niro said famously in a movie I don't recall its name, " everyone wants the baby, but no one wants to go through childbirth."
To the employees who 'invested' in the company, their sacrifice is deserving of their reward.
Treat your employees right. Pay them well. And you will have loyalty FOR LIFE! They will care tremendously about helping the company thrive. What a great CEO/ leader. Well done.
Dan is a rare gem. You never see a CEO doing this. Bless his soul.
I own a small company, in my country Indonesia. I give all of my employees way over minumum wage. The result is really good: employees loyalty, employee productivity increased, and due to our employees being happy at work, our customers are always getting served greatly 👍
@Don Carver I don't know, seems like he's thriving to me
@Don Carver Kindness & caring about the people under you thriving isnt stupid, as long as you level the risk.
@Don Carver seeing as business tripled and employee turnover was cut in half, I’m not seeing any logic in your argument. Did you even watch the video…?
@Don Carver the more coverage the business gets from this situation, the more customers they will receive. Their employees are seasoned and new ones are learning fast, this boost in employee performance increases customer satisfaction, raising the number of loyal customers and future business transactions.
As long as they can keep the press on this for a bit to get even more customers, and those customers talk (because the majority of us do like to support a business that supports its employees) they'll get even more business than the last time they had this coverage.
I don't think that money is going anywhere but up
Everyone should be using this company for their credit needs, make it one of the most successful companies to prove that if you do right by your employees you'll have one of the most successful companies.
In America: One man...sorry...One DOLLAR, one vote. Let's go vote...
Could i get some? I live in Guatemala...
;)
Very very touching story!
I definitely will
This company should take on people’s credit card debt at 0% interest.
you certainly got a point, this biz should be at the top of ethical portfolios one way or another (shares are not up for sale I think, so it will have to be another way)
We need ppl like him, he’s a guy with a big heart! Not only creates a successful business but a family!
Well not for investors or anything but ig
@Jaxon Healey eh kinda
@@cantu7614 it’s literally working for him, his employees, and his business.
Why is he only paying 70k they could thrive even more if he paid 140k
@@jayrose8638 right but like he would never get investment from investors if all the money is pumped to the employees.
“We’re able to thrive.”
That’s really what sticks in the craw of the rest of corporate America.
It's like a butterfly effect. CEO shares more - his business thrives, gets more loyal and productive employees, boosts the economy and birth rate and creates a strong, healthy, succesful community.
Could you imagine this on a more widespread scale?
I would also Work Harder for a good payment
yeah it's basically an ideal country.
It's the solution to capitalism
they dont want it that way. They lose their iron grip on the lower class.
@@silasgs9257 i'm not saying you're wrong, but why do they do that? do they just want to feed their ego and feel above someone or?
I'm so glad his business is booming. He's a beautiful human.
I don’t see why a CEO needs to make more than 500k. Many of them are making $30 million a year and there is no 70k minimum.
Exactly, its not like CEOs are better than others, or its so difficult and time taking to be a CEO, so why should a CEO be paid more than a million
Because... the can.
I mean, i get your point, but that's what happens when you have an opportunity to earn enourmous money.
I mean, it's understandable if he has a huge family, kids, their education, maybe helps out his elders and so on, but usually it's just because people are greedy.
"Why should i put money in pockets of my employes if i can put them all in my own?"
The CEO took the risks and deserve to reep the rewards, the employees didn't had to put in a lot of money and time to start the business, its a lot of work to start one, that's why many don't and the ones who do and not put everything in place ends up failing. If ppl want fairness, then the employees should risk bankruptcy if the company fails as well, the only one burden with that risk is the ceo/owner.
$30million is quite generous lmao. Delta CEO bonus was $25 million during Covid and he fired 20% of his employees. Guess his bonus was more important than those employees.
@@jonmcclain662 CEOs are hardly ever those who started the company. They're usually brought on board an already successful company specifically to maximize shareholder value. So, they in fact face very little risk, and there is no reason why they can't afford to treat their employees well, they simply choose not to because paying your employees well and giving them good benefits decreases quarterly earnings and slows share value growth, which means that their paycheck won't grow as quickly, and they obviously can't have that (/s). Ultimately, it boils down to shortsighted greed.
Why should the CEO make a zillion times more. It’s called GREED. God will bless-him 10 times over.
I hope his company keeps growing! The world needs more people like him.
“I feel bad for people with lots of money, because that’s all they have” -RJ Spina
This guy is awesomely the opposite of most CEOs
You must not know what money is for😂 go vote biden again loser lolol
Amen.
Instant Hero.
Paying back the short they took during the pandemic after business returned to optimum is fuking stellar.
This guy knows that happy employees will be loyal and give back as much if not more than he could give them.
Alternate title: Man who overpays his employees only become successful after 6 years
@@LOKSTED most businesses completely fail or go bankrupt within 2-5 years. Your point?