Tuesday, October 27, 2015

A Moral CEO

Remember Dan Price of Gravity Payments, who gave his employees a $70,000 minimum wage? Here's what happened next.:

...Price says establishing a $70,000 minimum wage is a moral imperative, not a business strategy. And yet he must prove the business wisdom behind it, not only to keep Gravity from sinking—and going down with the ship himself—but also to achieve his long-term goal of transforming the business world. "I want the scorecard we have as business leaders to be not about money, but about purpose, impact, and service," he says. "I want those to be the things that we judge ourselves on."

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