CEO takes 90% pay cut and raises staff’s salary to £50,000 – a thread to show there is another way

A businessman has shared a thread about what he did to his company to become a ‘better boss.’

Dan Price, who runs credit card processing company Gravity Payments, in Idaho US, slashed his salary to ensure that his employees had a liveable wage.

Price first realised his staff were having money troubles when he found a McDonald’s handbook on the desk of an employee named Rosita – who was training to become a manager there as a second job. One job simply wasn’t enough to live on.

Dan docked his own pay by 90% from $1.1M (£787,017) to $70,000.

The Metro reported he said: ‘I don’t miss anything about the millionaire lifestyle.

‘Money buys happiness when you climb out of poverty. But going from well-off to very well-off won’t make you happier. Doing what you believe is right will.’