I recently read an article about a generous stand taken by a leader and CEO named, Dan Price. Price is the Founder and CEO of Gravity Payments. When I read the story, I was impressed with his benevolence. However, it was his actions as a leader that peaked my curiosity and prompted me to find out more about him and his leadership style.
If you don’t know the story, Dan Price announced at a staff meeting that over the next three years the minimum annual salary for every employee will be increased to $70,000. It was heartwarming to hear expressions of the positive impact the salary increase will have on the employees. One young man said he and his wife will be able to start a family sooner than they had previously thought and one young woman stated she would be able to fulfill her dream of purchasing a home before she turned 21. As I tend to do when I hear something of interest, I immediately went to Google and searched for Dan Price and Gravity Payments. I wanted to know more about this company, its leader, and ultimately, what it was that drove Mr. Price to make such a generous gesture. After all, it is not likely that he woke up one morning and thought, “I have an idea! I’ll give everybody a raise when I get to work today!” So when I visited the company website I went to their About Us page. Right there, in the middle of the page, I found my answer-a quote from Dan Price.