Why This CEO Took a $1M Pay Cut, Instituted a $70K Minimum Salary

Part of working under Christ’s Lordship in every area of our lives includes being willing to seek to love our neighbors as ourselves and steward the positions we occupy for God’s glory.

Dan Price is thoughtfully bringing this to bear in his own work.

A recent story from BBC highlighted Dan’s desire to disadvantage himself for the sake of those he leads as the CEO of Gravity Payments.

In 2015, the boss of a card payments company in Seattle introduced a $70,000 minimum salary for all of his 120 staff - and personally took a pay cut of $1m. Five years later he's still on the minimum salary, and says the gamble has paid off.

The article highlights the ways this sacrifice on Dan’s end has created greater opportunity for fruitful work from the employees at Gravity.

"You're not thinking I have to go to work because I have to make money. Now it's become focused on 'How do I do good work?'"

Spend some time with Dan’s story and consider the ways in which you can leverage your own position of influence and authority for the sake of those around you at work and beyond.

Read the story in its entirety here.