CEO Dan Price on Taking A Massive Pay Cut to Pay Employees $70k A Year

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CEO Dan Price on Taking A Massive Pay Cut to Pay Employees $70k A Year | Frank Buckley Interviews

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@OceanSwimmer 3 жыл бұрын

I commend Mr. Price for deciding to practice his business so everyone in his employ could earn a decent living. It takes a lot of inner strength to admit he initially judged his friend Valerie for possible money mismanagement, and discovered she was being very careful with her budget. He decided to practice what he advocated. Good job.

@susiefrades-white3088 2 жыл бұрын

I totally agree. Other people are critizing because they do not have a job working or someone like him and they make so so much less. I do understand this but I find happiness and joy for the people that work hard for him. I wish more employers would at least attempt to treat their employees with as much respect as some of them deserve. Less turnover and more loyalty which supports the customer base to be solid.

@orvillewooten6982 3 жыл бұрын

Awesome, In the spirit of an Eleanor Roosevelt! Conviction, wanting to help everyone live a life with dignity! Helping the less fortunate, Is doing Gods Work!

@susiefrades-white3088 2 жыл бұрын

It would not suprise me if he did a whole lot of donating to people who could really use it.

@EvolutionIX219 2 жыл бұрын

@@susiefrades-white3088 oh he did his fair share of donating. That's for sure

@dilsadmeraler 3 жыл бұрын

We have a small business never accepted credit cards due to min fees. I will contact Dan’s company and will give my small business to him 😍😍

@aljaedoeseverything1706 3 жыл бұрын

How humane, Sir Dan. I can see that your happiness is not about material wealth.

@IvoMiller 2 жыл бұрын

This is How we make America Better

@satorimystic 3 жыл бұрын

Simplicity, in a man's recognition that greed, concentrated wealth, and self-centered import are actually obstacles to a truly successful endeavor, of any sort. When the whole benefits equitably, the collective thrives ... ask an ant! 🐜🐜🐜... 👀

@leeh-xh1iw 3 жыл бұрын

LOL

@Withoutmixture 3 жыл бұрын

Too bad we’re NOT animals.

@donkeyjoe4782 3 жыл бұрын

Capitalism is in trouble and this is one possible solution.

@mapowing 3 жыл бұрын

Dan understands human capital.

@thinc4444 2 жыл бұрын

How many people does he employ?

@thinc4444 2 жыл бұрын

Dan understands propaganda

@RCullis47 2 жыл бұрын

Imagine, a CEO who isn't greedy, who doesn't view his employees as cogs in the machine, who actually cares and invests in his employees, who takes a 90% pay cut to help facilitate bettering the lives of his loyal employees to the point they voluntarily took a pay cut during the pandemic to help the company stay afloat during the pandemic. The amazing part when they emerged from the other side of the pandemic and business got back to normal and even grew from that, he brought everyone's pay back to where it was AND repaid each employee the money they sacrificed during the voluntary pay cut back in full. There is a place in Heaven for Dan Price. If more CEOs were like him, this would be a better world. IMHO Treat others how you wish to be treated.... May Gravity Payments continue to grow and flourish and be a shining light in this dark world.

@_Brennus 2 жыл бұрын

And get millions of dollars in free publicity being the "best boss in a America". He's a clever self-promoter.

@aliceputt3133 3 жыл бұрын

Excellent interview.

@felix121984 2 жыл бұрын

Have you ever smelled his feet?

@firsttenor76 3 жыл бұрын

Imagine what Bezos could do to improve the life for his employees... nevermind, that would never happen.

@terrimobley6067 3 жыл бұрын

True. Imagine if he even offered insurance

@GlassesAndCoffeeMugs 3 жыл бұрын

@lies you Tell Well, if you're employed by Bezos, then you sort of do rely on him. He could take a pay cut and increase wages substantially, as this CEO did. Many of his employees make minimum wage while Bezos has nearly $200 billion.

@susiefrades-white3088 2 жыл бұрын

Admittedly, I do not know anything about Benzos. Do his employess get get paid crap and are not treated well?

@avoidextremes8413 2 жыл бұрын

14 to 16 years!

@cjjohnson761 3 жыл бұрын

Interesting!

@susiefrades-white3088 2 жыл бұрын

I would venture that he donates quite a bit to people who could really really use it.

@peterlapins 2 жыл бұрын

You can see such a kindness in his face. Beautiful soul. What a wonderful man

@Specopleader 3 жыл бұрын

A step towards actual socialist economics.

@IamShado 3 жыл бұрын

It's not Socialism... at all. Read a book.

@travisbrewer5391 3 жыл бұрын

You mean Distributist economics.

@eseantonio7856 3 жыл бұрын

My question is he still hiring?😂😭

@susiefrades-white3088 2 жыл бұрын

He probably isn't because no one is leaving!! lol

@2-old-Forthischet 3 жыл бұрын

Yes that is commendable but I was an hourly wage worker and got ahead by working hard and investing smarter which I learned to do on my own. I didn't wait for anyone to give me a handout. Frankly, $70K per year today is kind of low to live a very comfortable life. As an hourly worker, not to brag, but I made much more than that 20+ years ago on a base salary much lower than $70K per year. If you expect your employer to make a better life for you, you've already failed.

@patrickpham6854 3 жыл бұрын

Yes but you said it yourself. You were able to work hard and got yourself out because back when you worked you made more per hour (adjusted for inflation). As to now where people who work just as hard just as many hours won’t make enough to free them the time to learn about financial literacy or investment let alone the funds to do so. I believe if one person fails and can’t make ends meet that’s on them, if 60% of Americans can’t handle a $1000 emergency I believe it’s a systemic issue. www.google.com/amp/s/www.foxbusiness.com/money/most-americans-cant-afford-unexpected-expenses.amp I believe we or I’ll speak for myself I have failed the future generations. We had the greatest economy handed to us off the backs of our elders and we didn’t take the steps to ensure the same for our children. I believe we have lost our way.

@2-old-Forthischet 3 жыл бұрын

@@patrickpham6854 I pretty much agree with you. The workers who are where I was 13 years ago are making much more than I did per hour but the difference is I worked every available job when offered. There were many 14+ hour days. My belief is to give the next generation the best opportunity available.

@yeee33333 3 жыл бұрын

What’s your point? None of his employees expected anything from him; they certainly didn’t ‘brag’ about it. He saw that his employees had to go through what you went through, and was heartbroken as a result. He did this of this own volition.

@2-old-Forthischet 3 жыл бұрын

@@yeee33333 like I said, it's commendable on Mr. Price's part, but it's really not up to him to provide a comfortable lifestyle for the employees.

@Pancakegr8 3 жыл бұрын

@@2-old-Forthischet Yeah, CEOs don't owe us a better life, but wouldn't you say that that's an inherently flawed way of thinking? As a society I believe we should push each other to do right by each other, because if we don't then we end up with greedy billionaires. Morality has to come into play at some point.

@Withoutmixture 3 жыл бұрын

But he crosses his legs and has long hair?

@TonyCook7 3 жыл бұрын

Point?

@Raijin1506 3 жыл бұрын

@@TonyCook7 Its was supposed to make a joke on either how feminine he looks or something something… while the clean cut looking ones are screwing the average American… I’ll take this leg-crossing, long hair guy any day. You keep your tough men in suits and the garbage that follows them.

@susiefrades-white3088 2 жыл бұрын

@@Raijin1506 I think you are on the right track. You do not have to be a "macho man" to be a blessing or a contributer in this life