• About Us
  • Add Post
  • Contact
  • Contribute For Us
  • Homepage
  • Our Authors
  • Privacy Policy
What's Hot

ISRO efficiently launches PSLV-C53 with 3 Singapore satellites onboard

July 2, 2022

Nato’s revival: will the resolve face up to an financial disaster?

July 2, 2022

A Supreme Court for the Constitution

July 2, 2022
What's Hot

ISRO efficiently launches PSLV-C53 with 3 Singapore satellites onboard

July 2, 2022

Nato’s revival: will the resolve face up to an financial disaster?

July 2, 2022

A Supreme Court for the Constitution

July 2, 2022
Facebook Twitter Instagram
  • About Us
  • Contact
  • Add Post
  • Contribute For Us
  • Privacy Policy
  • Our Authors
Facebook Twitter LinkedIn
BusinessLendBusinessLend
  • NEWS
  • BUSINESS
  • AUTO
  • TECH
  • MONEY
  • STARTUP
  • SUCCESS STORIES
  • OTHER
    • Press Release
    • OPINION
Subscribe
BusinessLendBusinessLend
Home»NEWS»If the company made a profit, the boss promised to make the salary of the employees at least 52 lakhs
NEWS

If the company made a profit, the boss promised to make the salary of the employees at least 52 lakhs

Mirza ShehnazBy Mirza ShehnazApril 15, 2021No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
If the company made a profit, the boss promised to make the salary of the employees at least 52 lakhs.
Share
Facebook Twitter LinkedIn Pinterest Email

Learn from this CEO how to take care of his people. The man named Dan Price promised to share his company’s profits with the people and promised to give Rs 52 lakh to the employees.

Dan owns a company called Gravity Payments. He recently announced on Twitter that he would reduce his $ 1 million salary by 90 percent. This is a very big thing for a CEO to say. But, he did not stop here, he also said that he will try to pay the salary of his 130 employees for about 70 thousand dollars. He says that the salary of the employees will be at least 52 lakhs. This in itself is a big announcement.

6 years ago today I raised my company’s min wage to $70k. Fox News called me a socialist whose employees would be on bread lines.

Since then our revenue tripled, we’re a Harvard Business School case study & our employees had a 10x boom in homes bought.

Always invest in people. pic.twitter.com/o7Ca7I4b7e

– Dan Price (@DanPriceSeattle) April 13, 2021

In the US, on average, the CEO of a well-to-do company earns up to $ 23 million a year. That is, CEOs earn 320 times more than their employees annually. This data is based on the year 2019.

Dan’s announcement may have triggered an adjustment when workers started receiving money on their profit sharing basis for their contributions. Dan also wrote that his company’s earnings have doubled since 2015.

Speaking to a website called People.com, he said, “After 6 years of being a company, our earnings have tripled. My company and its staff are also taking advantage of this. People have repaid loans, bought more houses and Many also started families. This is also an indicator of our success. “

While his decision was praised, it was opposed in many places. It was said that his decision will change the meaning of the word Welfare.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Mirza Shehnaz

Shehnaz Ali Siddiqui is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing around Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

Related Posts

ISRO efficiently launches PSLV-C53 with 3 Singapore satellites onboard

July 2, 2022

Nato’s revival: will the resolve face up to an financial disaster?

July 2, 2022

A Supreme Court for the Constitution

July 2, 2022

EU imports extra US LNG than Russia’s fuel, first time in historical past — IEA

July 2, 2022

Euro 2022 seems to interrupt industrial information after banner 12 months for ladies’s recreation

July 2, 2022

Hispanic Republicans Have Democrats Seeing Red in Texas

July 2, 2022
Add A Comment

Comments are closed.

Advertisement
Editors Picks

Chairman of Tata Sons said – India can deal with the second wave of Corona

April 20, 2021

Statement by TVS Motor on Proposed Insurance Premium Hike for Two-wheelers

May 30, 2022

Indian Petroleum Refineries Network Faces Enormous Cyber Attacks from October 2021 to April 2022: CyberPeace Foundation and Autobot Infosec

April 21, 2022

Vertex Group and it's Exemplary Leader have Won The World's Greatest Brands and Leaders 2021-22

May 6, 2022
Advertisement
Latest Posts

ISRO efficiently launches PSLV-C53 with 3 Singapore satellites onboard

July 2, 2022

Nato’s revival: will the resolve face up to an financial disaster?

July 2, 2022

A Supreme Court for the Constitution

July 2, 2022

Business Lend is a platform which brings executives officers, entrepreneurs, and venture capitalist together from different sectors. We keep on connecting with our users with the help of our monthly edition carving our way slowly towards the highest readership.

Facebook Twitter Instagram LinkedIn
Must Read
  • ISRO efficiently launches PSLV-C53 with 3 Singapore satellites onboard July 2, 2022
  • Nato’s revival: will the resolve face up to an financial disaster? July 2, 2022
  • A Supreme Court for the Constitution July 2, 2022

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

© 2022 BusinessLend. Designed by ThemeSphere.
  • About Us
  • Contact
  • Add Post
  • Contribute For Us
  • Privacy Policy
  • Our Authors

Type above and press Enter to search. Press Esc to cancel.