Off and on, in previous posts, I have railed against the disparity in income between CEOs and their workers. Finally their is a ray of hope in a news headline: “Boss takes cut and doubles staff pay” (The Dominion Post, April 17th, 2015).
The “boss” is head of a technology start-up in Seattle – Gravity Payments. Dan Price is its founder and CEO. He intends to reduce his own income and company profits to raise the income of his lowest paid workers.
The guy deserves a Nobel Prize for his example to other CEOs.