|Dan Price, Gravity Payments, the|
fair and benevolent capitalist,
A few days ago we published a piece about an electronic payments company CEO, who reduced his million dollars compensation while establishing a $70,000 baseline pay rate for his employees.
Yes, the story is very much a Cinderella tale, and a story so rate it drew international attention.
Our version of the story.....
We referred to Price as the benevolent capitalist, but know the phraseology has no negative association. I am reminded of yet another old axiom:
"Happy employees lead to happy customers and that leads to more and happier customers."
UPWorthy, Patrick Malloy, curated a story about Price and the aftermath of his very public story.
Business can exist without employees as underpaid product or services producers. Yet, business cannot exist without employees. While rices experience is unique and accompanied by progressive thought, reasoning and data, most companies can stand to advance the level of wages and compensation. When we consider images like those that following, the rational person would ask the question: "Why do US CEO's have to exist as corporate rock stars or overpaid professional athletes?" Are their contributions so significant less compensation wouldn't attract comparable competency.
On the liberal side of compensation data.
And, on the conservative side of compensation data.
While 2008 is ions ago, the following graphic stands out as one of my most cherished depictions of the CEO/worker pay disparity.
Now for that conservative compensation estimate I reference above. In 2013, The Daily Kos and other media reported average CEO compensation at $12 million plus per annum.
The image is purely horrific, and US workers nor the public are clamoring for more fair and balanced compensation considerations.