It’s only April but we here at the Bucket already have a nominee for Person of the Year. CEO Dan Price of Seattle’s Gravity Payments, a credit card processing company, lowered his pay by a million dollars and raised the pay of his workers so that the minimum wage at his company is $70k a year. Finally, a CEO that gets it! Since the ’80s, when Reaganomics brought upon massive deregulation, CEO salaries have skyrocketed so that now the average difference between CEO and worker salary in America, is around 257:1. For comparison purposes, in other countries, gaps range from between 28 in Poland to 148 in Switzerland (this report also reports the American gap at 354:1). This move by Dan Price is a breath of fresh air. Now if only more CEOs would follow his lead, workers would finally be able to have a living wage. They would have more money to not only afford the basics but also buy other items, which will in turn help boost the economy. Kudos to Dan Price!!! We salute you!!!
Billionaire President and CEO of Juggermart, Lawrence T. Juggers, demonstrates why most Americans view today's CEOs as being greedy assholes.