CEO who gave all his employees minimum $70,000 paycheck thriving six years later

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CBS Mornings

CBS Mornings

Күн бұрын

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@kostaftp
@kostaftp 4 ай бұрын
Thats not a CEO. Thats a Leader.
@donjon123
@donjon123 4 ай бұрын
nah thats a grapist
@syauqyilham6577
@syauqyilham6577 4 ай бұрын
supreme leader.....
@uceemeforeal8185
@uceemeforeal8185 4 ай бұрын
@@donjon123 not everyone who is guilty.... unless he was proven to be so. I thought thats what you men have often complained about...
@donjon123
@donjon123 4 ай бұрын
@@uceemeforeal8185 wait bros actually in a case I was literally just judging him by the way he looks damn. Also don't assume by gender you bigot
@tednguyen7258
@tednguyen7258 4 ай бұрын
nah hes a fool
@Cyemese
@Cyemese 3 ай бұрын
Not only did he pay them $70k per year, but when they had to take a pay cut to keep the company afloat, he reimbursed them the money they didn't get. That is a genuinely kind man.
@brantley847
@brantley847 2 ай бұрын
Not sure Kind is the right word. Might want to look up the article August 19th, 2022 - CBS article "Dan Price, CEO who cut his pay so workers earned $70,000, quits amid legal woes" Happened right after. Want to take a guess how many of those new employees were women?
@DISOPtv
@DISOPtv 2 ай бұрын
Come to find out, he was only over paying mostly women staff so they wouldn't retaliate against his abuses. "Price has been accused of several physical and sexual assaults between 2013 and 2022."
@hunkulus
@hunkulus 2 ай бұрын
@@DISOPtv Those charges were dismissed though and apparently he is back at gravity payments
@DISOPtv
@DISOPtv 2 ай бұрын
@@hunkulus One of the charges boot licker. There were "several" allegations over the years. If it was anyone else, we would be in prison.
@kayiness
@kayiness 2 ай бұрын
@@DISOPtva capitalist mouthpiece calling someone a bootlicker is ironic
@emilypeachesreynolds
@emilypeachesreynolds 2 жыл бұрын
The employees took a pay cut so the company could stay open, and then the company payed them back once it had bounced back. That’s fierce loyalty and trust on both ends!
@haylobos8261
@haylobos8261 2 жыл бұрын
So it is not possible. The loonyliberal theory is that you can pay workers a lot through the good times and bad. But you can't. You can only give bonuses during good and take them away during bad. Which what all other companies do.
@Cthulhu4President
@Cthulhu4President 2 жыл бұрын
@@haylobos8261 "It is not possible" ...His business is still thriving. You're literally watching that it is in fact possible, while whining about how it isn't possible. It's 100% possible, but companies are kinda forcing the issue because they don't want anything less than 500% profit and it's hurting the country as a whole. GDP means nothing if half the country that isn't in jail is struggling while ~20-25% of the total population is in jail. This asinine ability Conservatives have to worship the almighty companies and the almighty dollar while claiming to follow God will never cease to absolutely baffle me.
@Yuki-qh9kg
@Yuki-qh9kg 2 жыл бұрын
@@haylobos8261 there are a couple countries on Europe that prove you wrong
@tinymushroombigforest9745
@tinymushroombigforest9745 2 жыл бұрын
@@haylobos8261 how did you watch all this and then say it wasn’t possible after he literally proved that it is. If that isn’t ignorance idk what is.
@haylobos8261
@haylobos8261 2 жыл бұрын
@@tinymushroombigforest9745 You got no brane? They had to take a 40 percent pay cut. High wages for ordinary workers is not possible. He gives high wages when the economy is booming. Then lowers them when there is a recession. Which is what every company does. Get out of here with your liberal baloney.
@ND_Productions
@ND_Productions Ай бұрын
In the long run he’s saving $$ because he’s able to retain his loyal employees and not worry about recruiting, training and hiring new people who will end up quitting after a year anyways. Some of these companies just operate in this endless cycle and don’t realize it’s costing them 10x what it would be if they just paid their current employees reasonable salaries.
@drradzig81
@drradzig81 2 күн бұрын
Oh, they realize it's costing them more, but the C-suite bottom line is never affected, so they don't care. They'll just keep salaries the same for the foreseeable future, while they get 5x increase in compensations.
@beebjnu3906
@beebjnu3906 7 сағат бұрын
Costco Wholesale is the worst. They treat their employees like slaves.
@jaepayne5844
@jaepayne5844 4 ай бұрын
People hate this because it shows that a company CAN be run well without greedy CEOs.
@Adam-sm5zf
@Adam-sm5zf 4 ай бұрын
What a world we live in, where treating people well is shunned.
@JupiterSlim
@JupiterSlim 4 ай бұрын
Yep
@MLGeorge
@MLGeorge 4 ай бұрын
Conservatives and Fox News went on week long rambles calling him a Communist lmao
@princeseilestial541
@princeseilestial541 4 ай бұрын
Even a country can run well without a greedy Government
@madhuparnaghosh6254
@madhuparnaghosh6254 4 ай бұрын
Yes. This.
@buddyboy4976
@buddyboy4976 3 жыл бұрын
I like how people are triggered he’s paying his employees well
@TheUniquemariah
@TheUniquemariah 3 жыл бұрын
Did you catch that too 😂😂😂🤣😅
@sad_paper491
@sad_paper491 3 жыл бұрын
@Adrian Nelson what?
@hevxhev
@hevxhev 3 жыл бұрын
@Adrian Nelson seriously, bet the cognitive dissonance becomes too much for them.
@ReaperOnRepo
@ReaperOnRepo 3 жыл бұрын
Lol they're all Gravy Seals and Meal Team 6 mf's. It's so sad because these guys take woodshops class in high school and then turn out to go full on MAGA by the time they're out.
@easkeybikes1966
@easkeybikes1966 3 жыл бұрын
@Adrian Nelson This is the best comment on ANYTHING I've read online, ever. Thank you!
@patches4170
@patches4170 4 ай бұрын
„My employees did way more for me than I could ever do for them“ is true for any CEO, always.
@Painting866
@Painting866 4 ай бұрын
What a cool guy.
@GameChanger597
@GameChanger597 4 ай бұрын
Yes it's always true- except for this time. He definitely did way more for them than they could ever pay back in return. It's unprecedented.
@patches4170
@patches4170 4 ай бұрын
@@GameChanger597 No not even this time, that's the point. And that's what this CEO understands, which is what makes him so god damned based.
@mannoesgehtnix
@mannoesgehtnix 4 ай бұрын
@@GameChanger597 In which way did he do more for them than they did for him?
@possumguts
@possumguts 4 ай бұрын
they even helped him cover up the charges he got while being a r apist!
@DraggyCash
@DraggyCash 2 ай бұрын
Yeah, the fact that media and politicians are trying to shame this, goes to show how bad the system actually is
@lianghou7000
@lianghou7000 2 сағат бұрын
No offense, but it is solely because this dude has no family. If he did, it would make no sense to do this
@muchhorrorsuchwow
@muchhorrorsuchwow 3 жыл бұрын
It's almost like paying your employees a livable wage makes them wanna work, and increase productivity.
@fetB
@fetB 3 жыл бұрын
strange indeed
@bimates2690
@bimates2690 3 жыл бұрын
Makes them more competitive to keep that and if they can't? Well, there's more people lining up for the job because of the wages.
@jakelewis8194
@jakelewis8194 3 жыл бұрын
His imployees arent making fast food sandwiches lmao
@steventonche1037
@steventonche1037 3 жыл бұрын
Almost indeed.
@sofasniperman
@sofasniperman 3 жыл бұрын
It worked great for his company, but it shouldnt be done everywhere
@nobody-er6vz
@nobody-er6vz 4 ай бұрын
Bro literally reinvented loyalty
@natahndolar2142
@natahndolar2142 4 ай бұрын
More like made innovations
@possumguts
@possumguts 4 ай бұрын
this is a ploy to try and get people to forget his patterns of abuse and hostility. it's no coincidence his pay cut and focus on 'economic justice issues' overlap with him being ousted from the communities he was an active part of and most recently charges for fourth-degree assault with sexual motivation, fourth-degree assault and reckless driving mysteriously dismissed. he's done this before, and he'll do it again. people with money and power use it to cloud the judgment of everyone around them. just search his name.
@Mai-ek8rf
@Mai-ek8rf 3 ай бұрын
paid loyalty 100%
@azearaazymoto461
@azearaazymoto461 3 ай бұрын
@@possumguts The charges came 7 years after his pay cut. Also, criminal charges can't be dropped by the victim. They can request it, but only the prosecution can decide. Additionally, the charges were dismissed without prejudice because they had insufficient evidence, ie. he is innocent because he has not been proven guilty. I don't know what backward country you live in, but that's Article 11 of the Universal Declaration of Human Rights.
@johnsmith6503
@johnsmith6503 3 ай бұрын
@@possumgutsBro just because some woman said that you did something without any evidence what so ever does not make it true. Have you ever heard of “innocent until proven guilty”?
@Beebo
@Beebo 3 жыл бұрын
A man stands at his tallest when he bends down to help someone smaller than him.
@Saveg36
@Saveg36 3 жыл бұрын
they were never smaller then him.
@rennardyjuwana7254
@rennardyjuwana7254 3 жыл бұрын
@@Saveg36 we know he or she didn't mean it in a condescending way
@whynot2734
@whynot2734 3 жыл бұрын
no man stands taller than when he bends to help a child
@mhmd_old7
@mhmd_old7 3 жыл бұрын
@@whynot2734 his employees already had money, he should have just sent the money to a charity instead of his employees
@nicolasorbegozo4484
@nicolasorbegozo4484 3 жыл бұрын
@@Saveg36 You’re not wrong, but the quote is assuming something that many people in society tend to think; that people of increased wealth are bigger than those with less wealth. This assumption comes from the fact that they can afford more things, and sometimes it even goes as far as assuming that the person with higher wealth has a more difficult job requiring more education. To some degree, they aren’t wrong, but if we’re thinking in a more realistic and philosophical way (like you are), you’re right, a person’s wealth shouldn’t and does not dictate a person’s value and place on Earth because we all die at the end of the day, right? 😂 Bottom line, you’re right, but the quote is addressing something many in society believe is true.
@notkruger7347
@notkruger7347 21 күн бұрын
It's like a butterfly effect. CEO shares more - his business thrives, gets more loyal and productive employees, boosts the economy and birth rate and creates a strong, healthy, succesful community. Could you imagine this on a more widespread scale?
@marinbagaric4755
@marinbagaric4755 4 күн бұрын
I would also Work Harder for a good payment
@kaan3500
@kaan3500 2 күн бұрын
yeah it's basically an ideal country.
@mateusdomonte5042
@mateusdomonte5042 47 минут бұрын
It's the solution to capitalism
@Eta30mins
@Eta30mins 4 ай бұрын
I don’t understand why it’s so bad and hard for employers to treat employees as a fellow human instead of thinking they are just replaceable. This man understands loyalty
@Lux_Ferox
@Lux_Ferox 4 ай бұрын
Greed, it ruins nations.
@GameChanger597
@GameChanger597 4 ай бұрын
This man understands the value of not dehumanizing employees into numbers and quota's. I do hope he becomes successful enough to give himself a significant raise.
@Ghareonn
@Ghareonn 4 ай бұрын
It all goes back to "Dodge v. Ford Motor Co." it has been all down hill since then.
@masterBong1
@masterBong1 4 ай бұрын
greed…
@modifiedjaymill
@modifiedjaymill 4 ай бұрын
Key word loyalty That’s the difference between today and back then companies and employees had more loyalty Back then there was a incentive to work at a company many years, you would get the promotions and raises and your job was secured. Now employers will cut good employees to keep seeking more talent.
@scoobie8amg
@scoobie8amg 3 жыл бұрын
Lets not forget the general public wants to support companies who treat their employees well.
@suzylovesmambo
@suzylovesmambo 3 жыл бұрын
I always feel better when I go patronize a business where the employees want to be there. I realize that the point isn't how I *feel* about the business but it really doesn't make a difference to the whole business experience.
@posh7079
@posh7079 3 жыл бұрын
Htf does a toilet janitor get 70k a year???
@Avalanche616
@Avalanche616 3 жыл бұрын
@@posh7079 you forget that janitor is still a person who has value, i can't believe you didn't learn that during the pandemic.
@mancerrss
@mancerrss 3 жыл бұрын
My jaw dropped that the company is 4 months close to bankruptcy, but if it wasn't for the employees love for this company and maybe because they are thriving in life earlier because of that highly generous pay increase, volunteering for months of pay cut!!! They wouldn't survived by now!!! The CEO then saved his employees by raising their pay, and produced a loyal employees back then. Now his employees saved his company back by then volunteering to not get paid for a bit. That's just close and tight corporate family love right there.
@deborahdobbie
@deborahdobbie 3 жыл бұрын
Exactly! Great point!!! A great guy to work for and a great guy to do business with I’m sure. Awesome all the way around love it
@pianoraves
@pianoraves 4 ай бұрын
The reactions of those rich folks is a disconcerting showcase of how much control they fear to lose over the poorer people.
@possumguts
@possumguts 4 ай бұрын
absolutely. especially with the context that those people are being paid off to make sure the charges he also paid off to be dismissed aren't brought up again, because he's 'such a nice and generous guy'. google his name. the employees that aren't terrified of him are family members - the others claim horrible treatment and abuse.
@pianoraves
@pianoraves 4 ай бұрын
@@possumguts From what I'm reading it sounds disgusting. Sad to see such a rare example of fair compensation being used to market a narcissist.
@doc-holliday-
@doc-holliday- 3 ай бұрын
@@possumguts Lmao you conservatives are hilarious.
@tlee4218
@tlee4218 3 ай бұрын
They create the poor or they could not be so grossly rich.. lords and kings we left always return and poor ppl give them their vote????
@ElizaWebbg
@ElizaWebbg 3 ай бұрын
@@doc-holliday- Are the conservatives in the room here with us, right now?
@nyreggie-isb23
@nyreggie-isb23 19 күн бұрын
This man is a role model, People in his company are MORE productive and happy. Corporations wanted him to fail. The news outlets lambasted him, called him impractical. But him prevailing to this day, makes the point he wanted to make 6 years ago."Sometimes, it's not about having a talent, skill but passion for it. A good investment can bring you financial freedom. Don't underestimate the power of smart financial decisions!!!!!!!!"
@coolben854
@coolben854 19 күн бұрын
I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don’t know who agrees with me but either way I recommend either real estate or bitcoin and stocks..
@izagdlife
@izagdlife 19 күн бұрын
I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?
@nyreggie-isb23
@nyreggie-isb23 19 күн бұрын
@@izagdlife Understanding your financial needs and making effective decisions is very essential. If I could advise you, you should seek the help of a financial advisor. For the record, working with one has been the best for my finances...
@izagdlife
@izagdlife 19 күн бұрын
@@nyreggie-isb23 How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
@nyreggie-isb23
@nyreggie-isb23 19 күн бұрын
@@izagdlife *Mr Gary Mason Brooks* is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@Saje3D
@Saje3D 3 жыл бұрын
A business where the employees DECIDE to buy the CEO a new car? What a plot twist.
@ghinspilzu8546
@ghinspilzu8546 3 жыл бұрын
lmfao never heard of that a day in my life
@Nokzima
@Nokzima 3 жыл бұрын
Lmbo 🤣🤣🤣 yeah
@nfspbarrister5681
@nfspbarrister5681 3 жыл бұрын
A grateful one! Employees who knows their boss got their back!.
@750count
@750count 3 жыл бұрын
That truly is amazing The stranger part is that he is deserving of their generosity
@nataliemorales8643
@nataliemorales8643 4 ай бұрын
This is so adorable
@MrMikeymontemayor
@MrMikeymontemayor 3 жыл бұрын
The trick is that the CEO earns 70k too but he also earnes HUGE respect and LOYALTY.
@corieydadon
@corieydadon 3 жыл бұрын
Not really
@davidmistoffelees8459
@davidmistoffelees8459 3 жыл бұрын
@fosterpainter This is why capitalism is failing. Capitalism replaced mercantilism. The main thing in Capitalism is that companies have no responsibility to the system that they leach off of; no other purpose than to generate profits.
@crimsonminerva
@crimsonminerva 3 жыл бұрын
Yes, lead by example
@lynnyhen
@lynnyhen 3 жыл бұрын
And profits, which is awesome!
@nibblet321
@nibblet321 3 жыл бұрын
That and I'm sure he has other income sources.
@ModoNayr
@ModoNayr 3 жыл бұрын
I still can't believe people are mad at this guy for wanting his employees to have a decent life. He is probably one of the best CEO's out there.
@zeiwow0
@zeiwow0 2 жыл бұрын
@Zombie look at walmart one of the bigest super market chains in the world what has all that companys growth done for its employees? absolutely nothing they still get payed minimum wage the only people who benefit are the 00.001% at the top. thats not healthy for the economy
@Oldleftiehere
@Oldleftiehere 2 жыл бұрын
@@snowycatinseattleOther corporations hated it because it made them look bad and it skewed the “environmental” pay scale. When I worked, it became clear that all the local corporate managers had an unwritten agreement that one would not pay their employees much more than the others. That way, it tends to keep employees from jumping ship for better better pay elsewhere.
@maeganlozano7058
@maeganlozano7058 2 жыл бұрын
That's what struck me the most from this story. I don't get the backlash he received for having a minimum pay to his employees. As per the report CEOs make 320 times more than their workers so there is no reason not to do this. They're just mad because he is showing them it is possible and that makes them look bad. Shame on them for even saying in advance that his company will fail. I am so happy it didn't.
@faiqaini4551
@faiqaini4551 2 жыл бұрын
All of them were heartless greedy republicans
@BigDad200
@BigDad200 2 жыл бұрын
Great story and it was telling to hear Rush and the other establishment losers hope for his failure. What did Rush contribute to the world? Absolutely Nothing!
@FlowingDepths
@FlowingDepths 2 ай бұрын
This is what I feel humanity is really about. What a leader, willing to take the same pay as his workers and walk the walk instead of just talking the talk. I hope to one day be able to bless others even half as much as this amazing man has.
@Oj_r
@Oj_r 3 жыл бұрын
This man created a family not a company. He made sure everyone is taken care of. Amazing
@robertrishel3685
@robertrishel3685 3 жыл бұрын
It’s a beautiful thing. Right in the face of widespread corporate greed.
@habibbialikafe339
@habibbialikafe339 3 жыл бұрын
Wrong! He emphasizes that the company is not a family, and that it is simply a company and you owe it nothing. everyone deserves time off for their real family. he makes a big distinction there.
@bethanyschlientz7982
@bethanyschlientz7982 3 жыл бұрын
@@habibbialikafe339 shut up
@BellicIV
@BellicIV 3 жыл бұрын
@@bethanyschlientz7982 no u
@CharlesMichaelSidwell
@CharlesMichaelSidwell 3 жыл бұрын
I'm glad I wasn't the only one to notice this.
@SEVEN-sg5rb
@SEVEN-sg5rb 3 жыл бұрын
This man is richer in life than most humans with the things money doesn’t buy. Great leadership, humility, humanity, honor, love, community.
@noahremnek3615
@noahremnek3615 3 жыл бұрын
Although he makes 70k he owns the company so his net worth is higher. Just saying but this guy seems like a pretty cool CEO.
@zpetar
@zpetar 3 жыл бұрын
@@noahremnek3615 Can you tell me what is net worth of being loved and respected as much as he is?
@noahremnek3615
@noahremnek3615 3 жыл бұрын
@@zpetar Idk his net worth exactly but it probably decently big.
@notinterested8452
@notinterested8452 3 жыл бұрын
Long hair...
@v1nigra3
@v1nigra3 3 жыл бұрын
A true king
@Hana.Behl-Lecter
@Hana.Behl-Lecter 2 жыл бұрын
The fact that employees were willing to take a voluntary pay cut to help the business AND THE BUSINESS PAID THEM BACK...wow. AND they all chipped in to buy him his dream car...talk about a work family. Amazing...kindness and compassion goes a long way.
@haylobos8261
@haylobos8261 2 жыл бұрын
If you say 70K, it should stay 70K. Not 70K when the economy is booming. Everybody already does that. They pay more when the economy is booming and then reduce it in bad times. He is just a charlatan. You people are silly.
@DebbieAkano
@DebbieAkano 2 жыл бұрын
@@haylobos8261 the employees CHOSE the pay cut. He didn’t take the money off them. They OFFERED. Did you even watch the video??
@RoSoliTaire
@RoSoliTaire 2 жыл бұрын
@@DebbieAkano they probably watched the whole video but did not register that one because they only want the negatives on all the positives that happened in this company.
@theodorehaskins3756
@theodorehaskins3756 2 жыл бұрын
@@haylobos8261 No they’re not silly, you should go look in the mirror and tell us where that brain of yours have gotten you! Why did you think it was necessary to inject your dystopian, draconian, fried up frizzle mentality, and all your negativity into this conversation? So maybe the silly one is reflective of you! So let me ask you this question, do you wear a mask?
@nightsmelodyful
@nightsmelodyful 2 жыл бұрын
@@haylobos8261 you're just mad your employer doesnt pay you like a living breathing human being that needs to stay alive
@assimo9841
@assimo9841 11 күн бұрын
This makes me want to cry - it's really beautiful. Never heard of him/this company the first time around.
@YooB1
@YooB1 3 жыл бұрын
This ceo actually cares about his employees not just money. Blessings to this man.
@u.s.m.c.fewproudthemarines2987
@u.s.m.c.fewproudthemarines2987 3 жыл бұрын
Exactly friend Gd heart
@y.t.a180
@y.t.a180 3 жыл бұрын
Double your return in six months!
@FreedomofSpeech865
@FreedomofSpeech865 3 жыл бұрын
He is an incredible human being
@mikegrosso6171
@mikegrosso6171 3 жыл бұрын
I wonder how many of his employees would fallow this boss and open a company and pay that well to their workers,or maybe they are too selfish to do that.
@markwhittaker6866
@markwhittaker6866 3 жыл бұрын
I agree.
@michaelloflin7278
@michaelloflin7278 Жыл бұрын
I hope this man and his company thrives for many years. He is a blessing to his employees.
@bryan-cv2ew
@bryan-cv2ew Жыл бұрын
He has a superiority complex. he has accusation of harassment and rape, with police investigations. The company is also financially unstable and has been since the day he announced this 6 years ago
@missedinfo4623
@missedinfo4623 Жыл бұрын
@@bryan-cv2ewthey were bound to come for him.
@simonstevenson6686
@simonstevenson6686 9 ай бұрын
@@bryan-cv2ewThe allegations were dismissed
@alwill6536
@alwill6536 8 ай бұрын
Partially true. The company is doing well. He did get charged but he beat the charges. None the less, he still stepped down as CEO so he wouldnt hurt his company or workers. ​@@bryan-cv2ew
@kowismo
@kowismo 7 ай бұрын
sure sure soruce trust me bro@@bryan-cv2ew
@edufehndula6621
@edufehndula6621 3 жыл бұрын
He is a man with a golden heart. He cares about humanity. Kudos
@maaz322
@maaz322 3 жыл бұрын
There's a difference between being charitable and financially thriving. Obviously allocating your own paycheck to your employees will work as long as you deduct your own salary. That's not a success, it's charity. Good for him, but how can you expect CEO's to incentivize their ambitions and innovations with a meager paycheck that does not expand? Isn't the point of a business to be profitable to the individual to some extent? The man is running some payment company, nothing large-scale. You can't motivate high ranking employees with this business model, clearly Dan Price is the sole captain of this ship, and I'm sure it's a feelgood story but it's certainly not viable. Nonetheless, the poor will be tempted to elicit this example as a call for equitable pay in line with socialist doctrine.
@juliuskazanecki4281
@juliuskazanecki4281 3 жыл бұрын
Well he figured out a way to get rich on the side through speeches and interviews. He also grabbed a ton of wealth before he did this move.
@maaz322
@maaz322 3 жыл бұрын
@@Leoo117 You're saying people shouldn't build business for accruing money but for securing happiness?? Such an egregious projection. Not everyone has such 'virtuous' hearts. I'm sure you'll build and manage your own business, expand it, all for one static price tag. Meanwhile, expendable employees will cash out of your hardwork. You clearly have no clue about management and leadership because you're just a poor sod.
@Leoo117
@Leoo117 3 жыл бұрын
@@maaz322 Your missing the connection here. Yes, you build a business to accrue money, but it is more efficient to accrue the money if your employees are happier. THAT is the connection here. Don't take my word for it. Take the word of the guy who already did it. He was humble instead of haughty. Also, there is no need for calling names and being disrespectful. I wouldn't do that to you, so please don't do that to me.
@alpharenz1329
@alpharenz1329 3 жыл бұрын
His company is a software credit card merchant services company. It has no physical product. Doesn't need expensive business insurances coverages. Just basic ones. His company charges 1 to 3% of credit card purchases and monthly fees. On $100,000 running charges can make north of $3,000 month. Looking over is books they have $3.4 billion in purchases with over 15,000 companies. So they making $100 million year gross income. They have around 200 employees. So about $14 million goes into payroll. Yes, only 14 out of 109 million a month. Around 14%. This guy is a hero, lol what a good samaritan LMAO. You know he gets the money on the back end. Any smart CEO would pay themselves as little as possible. Jeff Bezos salary was $81,840.
@enricofermi3471
@enricofermi3471 19 күн бұрын
People who call him a socialist... Well this IS how proper socialism is supposed to work, not those dictatorships that call themselves "socialist republics" in name only.
@edheldude
@edheldude 7 күн бұрын
Socialism is always a dictatorship because you have to force people to do the work that you don't incentivize with pay.
@peaceinthemidst2814
@peaceinthemidst2814 4 ай бұрын
This shows that there is plenty of money out here. The problem is the greed of these companies.
@possumguts
@possumguts 4 ай бұрын
this is a ploy to try and get people to forget his patterns of abuse and hostility. it's no coincidence his pay cut and focus on 'economic justice issues' overlap with him being ousted from the communities he was an active part of and most recently charges for fourth-degree assault with sexual motivation, fourth-degree assault and reckless driving mysteriously dismissed. he's done this before, and he'll do it again. people with money and power use it to cloud the judgment of everyone around them. just search his name.
@whimzycloud
@whimzycloud 4 ай бұрын
Yeah. I'd imagine that CEO salaries have skyrocketed over the past 50 years to 320x the average employees.
@JesusLovesyou..1John3.6
@JesusLovesyou..1John3.6 4 ай бұрын
We shouldn’t be greedy or selfish we shouldn’t love money God wants us to give generously 😊
@izerochan
@izerochan 4 ай бұрын
@@possumguts You got a source for those claims? Because if it's true I'd like to look deeper into it.
@znoppen
@znoppen 4 ай бұрын
@@izerochan the seattle times writes about it
@theprogrammer32
@theprogrammer32 3 жыл бұрын
the fact that he KNOWS how many of his employees are buying houses and having kids. THAT is what leadership looks like.
@philippaul756
@philippaul756 3 жыл бұрын
Excellent definition of leadership, Block.
@smolpener7430
@smolpener7430 3 жыл бұрын
Leadership has absolutely nothing to do with intrusion on peoples personal lives.
@inorite4553
@inorite4553 3 жыл бұрын
@@smolpener7430 Thank you for providing an example of what Leadership is not. We should all be so fortunate to avoid the mistakes you've made.
@tclfan0180
@tclfan0180 3 жыл бұрын
@@smolpener7430 So you think that he secretly taped every birth that took place and kept a tally in a little black booklet? I'm sure the employees voluntarily gave him that info. You sound like a complete nut job, and its never too late to delete your braindead comment by the way!
@g30b15
@g30b15 3 жыл бұрын
@@smolpener7430 Go to sleep bro
@sjtheartisan
@sjtheartisan 3 жыл бұрын
Probably the best example of how a CEO takes care of his people, and they in return give him fierce loyalty. It’s about the relationships at the end of the day
@jasminaokicic2563
@jasminaokicic2563 3 жыл бұрын
Thought the same thing. This is amazing Wow 😍
@joshdepaola4002
@joshdepaola4002 3 жыл бұрын
Probably the only example as well.
@namamora1190
@namamora1190 3 жыл бұрын
@@AddBowIfGirl socialism can work in a very small scale, but when u talk about millions that is a complete diferent beast, there is no control over what everyone is doing, u will have alot of people just sitting around doing nothing waiting for the pay check, and that will create a domino effect that will colapse ur system, socialism is based in the naive premise that everyone is an angel and will do what he is suppose to do for the good of everyone else, and that... is just stupid.
@jinchuriki7022
@jinchuriki7022 3 жыл бұрын
"Its alot" what?
@stephanweinberger
@stephanweinberger 3 жыл бұрын
@@namamora1190 strange though how those socialist policies are actually working in most industrialized countries... basically the whole of Europe (about twice the population of the USA) is made up of social democracies.
@danielwalker26
@danielwalker26 12 күн бұрын
You mean to tell me if you pay someone a living wage they try harder? This man has cracked the code we have been searching for since we first emerged from the oceans.
@Coronaboii88
@Coronaboii88 3 жыл бұрын
He humbled himself and put himself in his employees shoes. This is an example of a good human being. God bless this man.
@wascawywabbit0987
@wascawywabbit0987 3 жыл бұрын
He has.
@ghosthhhchjjj3661
@ghosthhhchjjj3661 3 жыл бұрын
Oegcbb.
@TheAmericanPrometheus
@TheAmericanPrometheus 3 жыл бұрын
i hope he sets a trend and other companies see the benefits of paying their employees more not just for them but for business in general
@intihumala9087
@intihumala9087 3 жыл бұрын
He's a complete and total fraud. He purposefully manipulated thousands of client contracts to not only gain an unfair competitive advantage but also swindle millions for personal gain. His brother and his father own a separate company called Axia Payments where they banked millions then got handed a huge lawsuit because Dan Price sold trade secrets and business information for 1,100 clients to launch his own processing business. He has a very dark past and he's lying about only making 70k a year. You can find dozens of articles written by investigative journalists exposing him.
@matthewfield7028
@matthewfield7028 3 жыл бұрын
@@intihumala9087 cant believe everything you read, I worked for a processing business in NYC. If any of the articles were 100% true he'd be sitting in jail, those supposed claims against him are federal offenses and money laundering.
@haydenhayden
@haydenhayden 3 жыл бұрын
It’s almost like treating your employees like human beings with the dignity and respect they deserve has benefits.
@buddho1135
@buddho1135 3 жыл бұрын
Who could've guessed
@RitaColacoNuminous
@RitaColacoNuminous 3 жыл бұрын
It surely does, no doubt about it
@TTJJCC
@TTJJCC 3 жыл бұрын
Imagine that
@Speedwayjay
@Speedwayjay 3 жыл бұрын
Wait you might be on to something 🤔
@kargs5krun
@kargs5krun 3 жыл бұрын
No, this is ABOVE AND BEYOND giving "dignity and respect." Much more. This spirit of his is, well, GOD-Like. #sacrifice
@MrMaboboz
@MrMaboboz 3 жыл бұрын
Not only has he made his employees loyal he's made customers want to do business with the company because of the humanity he's displayed, well done mate.
@dnfl-7168
@dnfl-7168 3 жыл бұрын
We talkin about twitter right?
@cloudsmith7803
@cloudsmith7803 3 жыл бұрын
We should question why we do business with Amazon & Walmart....???
@xGARIDx
@xGARIDx 3 жыл бұрын
Good example of honest and loyal business right there
@greenwave819
@greenwave819 3 жыл бұрын
Do you actually think he does a single thing for his employees? He did this as a ruse, to glamourfy himself. and he has many common people tricked. however most pros see him as another youtuber
@MrMaboboz
@MrMaboboz 3 жыл бұрын
@@greenwave819 well according to the story he's done more for people than you probably ever will with that attitude.
@songofyesterday
@songofyesterday 12 күн бұрын
When you care about your employees, they’re going to care about your company.
@Freakybananayo
@Freakybananayo 2 жыл бұрын
the fact the employees bought him that car means that they are loyal and grateful. no one else would do that for their CEO. i hope this company thrives
@louissanderson719
@louissanderson719 2 жыл бұрын
I don’t know why. He was already a millionaire
@cherryfries623
@cherryfries623 2 жыл бұрын
@@louissanderson719 because he cares about his employees and doesn’t seem them as discardable trash?
@bandito4492
@bandito4492 2 жыл бұрын
@@louissanderson719 maybe cause they wanna thank him for changing their lives, yeah didn’t have to do it, but did it anyways just like how he raised their yearly salary, and his company is still thriving cause of his employees.
@SLXMLORDS
@SLXMLORDS 2 жыл бұрын
@@louissanderson719 money doesn’t matter if people don’t think to give you gifts no one likes you.
@preben42069
@preben42069 2 жыл бұрын
@@louissanderson719 i think he got less and less of a millionaire over the 6 years he wasn’t paid millionaire money if you know what I’m saying?
@FinessingFinance2024
@FinessingFinance2024 4 ай бұрын
This CEO guy took 1mil USD pay cut to increase his employee's compensation to 70k min,the employees took a temporary pay cut during the pandemic,got repaid the difference and actually resulted in a much lower turnover rate and more productivity for the company. This story is crazy good. 😮😮😮
@lcameeno1
@lcameeno1 4 ай бұрын
😮!
@prodbymorii2058
@prodbymorii2058 4 ай бұрын
And then he got ousted as CEO after allegations of assault and r@pe. Not such a crazy good story anymore huh?
@dawnkrueger9168
@dawnkrueger9168 2 ай бұрын
That sealed the genuine stamp for me!
@OlJohnJoe
@OlJohnJoe 3 жыл бұрын
This man does something completely selfless and all those people wanting him to fail? But loving the selfish billionaires who give far less and care less
@Buddhist_Gnome
@Buddhist_Gnome 3 жыл бұрын
This!!!
@snc99
@snc99 3 жыл бұрын
Makes no sense
@AdrianTheSlay3r1
@AdrianTheSlay3r1 3 жыл бұрын
People love to worship something bigger. It’s the effect of liking something you can’t have, and viewing kindness as weakness. It’s human behavior. Some people are just so inferior.
@rosivo3142
@rosivo3142 3 жыл бұрын
they DO NOT care about the people
@loopz_attack1658
@loopz_attack1658 3 жыл бұрын
@@AdrianTheSlay3r1 you say that it is human behavior but then say that some people are inferior? Your ego is showing there!
@eddiezatt5481
@eddiezatt5481 4 күн бұрын
he made me cry. This is so beautiful.
@jasonheneghan98
@jasonheneghan98 3 жыл бұрын
It doesn’t take a lot to be a genuine human being, Dan deserves everything the world has given him! There’s not many people like him left
@bugmanuk
@bugmanuk 3 жыл бұрын
No, but plenty in the making.
@tanyathielke3656
@tanyathielke3656 3 жыл бұрын
@@bugmanuk I saw a segment on DW (Deutsche Welle) about this being an entire movement that is getting started in Germany and elsewhere. There are cooperative models of business that are taking form, and a few that are already here in the US. I had seen coverage of a few co-op businesses here in the IS. All employees owning an equal share, everyone making enough to live comfortably. There are so many options and as you say, people being made that understand this is the way to go.
@wangxianbb
@wangxianbb 3 жыл бұрын
we can all strive to be genuine human beings and then there will be plenty
@thomasjones4570
@thomasjones4570 3 жыл бұрын
His business is making BILLIONS off of LEECHING off OUR money...he is a money predator, not a hero.
@xplicks3637
@xplicks3637 3 жыл бұрын
@@thomasjones4570 Can you explain?
@Cfomodz
@Cfomodz 2 ай бұрын
He owns 100% of the stock, so even though his “salary” is 70k (what he needs to live, just as any of his employees), his net worth is skyrocketing (300%) because he took care of his people, and now his people are actually his people - his community, friends, family.. wild idea…
@SayAhh
@SayAhh Ай бұрын
Trickle up economics works 100% of the time for everyone. Trickle down economics also works 100% of the time...but just for the 1%.
@SavingPrivateBob
@SavingPrivateBob 17 күн бұрын
He's set for a good life, for life. Even if he somehow goes bankrupt, these people have his back and will help him get onto his own two feet if he ever needs that.
@mattc9875
@mattc9875 17 күн бұрын
Smart and fair/healthy capitalism
@wexqlp3863
@wexqlp3863 7 күн бұрын
It’s not wild. It’s socialism. And it works.
@James-xb2yj
@James-xb2yj 4 күн бұрын
@@SavingPrivateBob it wont come to that for them. the tough part is over.
@JavierHernandez-pc3gu
@JavierHernandez-pc3gu 2 жыл бұрын
Man if my company did this… “fiercely loyal” would be an understatement. Companies get what they give
@jio06
@jio06 2 жыл бұрын
I’ll be fighting just to get to work
@elmalloc
@elmalloc 2 жыл бұрын
period
@KingM119
@KingM119 2 жыл бұрын
@@jio06 literally
@mateo8120
@mateo8120 2 жыл бұрын
No fool. Companies get what the market pays them
@Xphinity
@Xphinity 2 жыл бұрын
So true
@gorillathrilla9577
@gorillathrilla9577 17 күн бұрын
think of those poor ceos with only 4 yachts and 12 homes
@CM-dx6xu
@CM-dx6xu 4 ай бұрын
A man with a big heart. Willingly giving his own money for the sake of employees. He deleted greed from the equation, in turn brought loyalty and love for everyone. I aspire to be like him someday.
@possumguts
@possumguts 4 ай бұрын
this is a ploy to try and get people to forget his patterns of abuse and hostility. it's no coincidence his pay cut and focus on 'economic justice issues' overlap with him being ousted from the communities he was an active part of and most recently charges for fourth-degree assault with sexual motivation, fourth-degree assault and reckless driving mysteriously dismissed. he's done this before, and he'll do it again. people with money and power use it to cloud the judgment of everyone around them. just search his name.
@theobell2002
@theobell2002 4 ай бұрын
You aspire to be a grapist?
@TurningKhan
@TurningKhan 4 ай бұрын
@@possumguts You care to share receipts?
@kkampo_
@kkampo_ 4 ай бұрын
the company is bleeding money and wont be paying any employees pretty soon.
@TurningKhan
@TurningKhan 4 ай бұрын
@@kkampo_ You still have not given any receipts, I do not believe you; also that statement is a 360 from your previous one. EDIT: Hang on. I though you were the other commenter. Still, no receipts, I still don't believe anything.
@shesadreamer22
@shesadreamer22 3 ай бұрын
“we’re not just living, we’re able to thrive” that’s what life should be about
@jaden5843
@jaden5843 2 ай бұрын
All these technological advances, and people are just trying to survive. I wonder why 🤔
@BRUtahn
@BRUtahn 3 жыл бұрын
Dude, this guy is responsible for some new entire people coming into existence with his generosity. That's incredible.
@stunna313
@stunna313 3 жыл бұрын
#godfather
@guysumpthin2974
@guysumpthin2974 3 жыл бұрын
Priceless ...
@call_me_cooper
@call_me_cooper 3 жыл бұрын
@@stunna313 😂😂❤️
@boa9557
@boa9557 3 жыл бұрын
@@blakejohnson3864 what
@cormano64
@cormano64 3 жыл бұрын
@@boa9557 Don't worry, it's just Thanos learning to write on KZbin comment sections.
@SachusaiUyir
@SachusaiUyir 2 ай бұрын
You all have filled my heart with joy. Thank you for your kind words!
@dothamaph
@dothamaph 2 жыл бұрын
Imagine paying workers a livable wage and treating them like human beings that are actually integral to your company's success? What a crazy concept.
@briathomas5310
@briathomas5310 2 жыл бұрын
Sad, right? This should be the standard. 🤦🏾‍♀️
@Dextrome
@Dextrome 2 жыл бұрын
Madness!
@Jackdaniels19894
@Jackdaniels19894 2 жыл бұрын
Far right Republicans can’t believe it
@Woodsaras
@Woodsaras 2 жыл бұрын
I could. But i dont have money.
@thexavier666
@thexavier666 2 жыл бұрын
This person is delusional. Some one take him to the infirmary.
@steezystudio
@steezystudio 3 жыл бұрын
An absolutely BEAUTIFUL display of human kindness! Bless Dan and the employees at the Gravity!
@alpharenz1329
@alpharenz1329 3 жыл бұрын
Just to make sure you know. Software Engineers can make over $100K elsewhere. If you are a superstar software engineer. Would you settle for $70,000? If others don't have your skills or work ethic they get paid the same you wouldn't feel okay with it. They leave you to work more hours and all of you get paid the same. Even entry-level assistants. Also, the guy is loaded. He makes money off his company in form of dividends. Saves a ton in taxes. I guess he doesn't believe in paying as much in taxes.
@steezystudio
@steezystudio 3 жыл бұрын
@@alpharenz1329 Yes we are aware, we're a dance education tech company
@5350nbrookmist
@5350nbrookmist 3 жыл бұрын
@@alpharenz1329 You miss the point. $70k per year is the MINIMUM. The vast majority of his employees are not software engineers and nobody is under any delusion that Price will not eventually benefit from his company value appreciation, which is considerable considering his success, but since his company is private I'm not quite sure I understand your "dividends" comment. How is he making "dividends" on his company? It looks like he's putting the profits back into the company and its employees.
@alpharenz1329
@alpharenz1329 3 жыл бұрын
@@5350nbrookmist as a private company you can hand out disbursements/cash dividends. You can look it up, ask Google to help you. It is a way to avoid higher tax brackets. Not faulting the guy. Just point out what should be obvious. Most CEO elect to get lower salaries.
@dezerayb3980
@dezerayb3980 3 жыл бұрын
This is brave in the U.S. but it is the bare minimum.
@Alphabetac
@Alphabetac 3 жыл бұрын
I love the bit about the car. He could have bought himself the car before, but it must feel a million times more amazing to have your employees be so grateful to you that they buy your dream car for you!
@mizzoupatriot8814
@mizzoupatriot8814 3 жыл бұрын
That's how lifelong friendships start. Like we gna rise together, it's not about me...It's about all of us. We are all integral parts of this corporation with the same goal in mind.
@cynthiaisako
@cynthiaisako 3 жыл бұрын
Amazing !!!!!
@BobsiTutorial
@BobsiTutorial 3 күн бұрын
Gravity repaid them what they voluntarily took in cuts. I feel like that is really the star of this story! That is true leadership and means that the employees really matter to the CEO
@wajinshu
@wajinshu 3 жыл бұрын
I'm glad he's much happier now and thanks for this, I learned something new.
@mattk8810
@mattk8810 3 жыл бұрын
Listen to his interviews. Really good business advice. Esp his valuetainment interview
@black.sasuke.uchiha
@black.sasuke.uchiha 3 жыл бұрын
Wait WHAT?! I used to watch you back in like 2013!🤭 I have to subscribe, completely forgot about your channel until now.
@notinterested8452
@notinterested8452 3 жыл бұрын
Yeah instead of laying flat we could have paying fat.
@dinglesworld
@dinglesworld 3 жыл бұрын
@@greenwave819 LMAO, its funny how sensitive you are, of course he is still practicing a capitalist system, problem is that you see someone that doesn't prioritize maximizing profit for themselves and you instantly cry socialism
@thor1669
@thor1669 3 жыл бұрын
How'd you pull it off? Him: Because I help run a usury scam system that ruins millions of Americans lives with interest payments, aka USURY. I have no love for this man.
@shadowthephoenix1
@shadowthephoenix1 3 ай бұрын
Imagine being one of the losers who criticized this guy. This guy is what all CEOs should be, someone with a heart who knows everyone deserves to live a good life.
@DISOPtv
@DISOPtv 2 ай бұрын
Come to find out, he was only over paying mostly women staff so they wouldn't retaliate against his abuses. "Price has been accused of several physical and sexual assaults between 2013 and 2022."
@kayiness
@kayiness 2 ай бұрын
@@DISOPtvhow much are they paying you to get on your knees and bark for *real* creep CEO's who also don't pay ppl?
@Phirebirdphoenix
@Phirebirdphoenix 2 ай бұрын
@@DISOPtv soo many people in this thread just want to believe that anyone who has a problem IS the problem...
@SevSeries-fi5ey
@SevSeries-fi5ey 2 ай бұрын
Dan Price is a whiny loser
@MypronounIsKing
@MypronounIsKing 2 ай бұрын
@@Phirebirdphoenixwhat??
@oneofyou6773
@oneofyou6773 2 жыл бұрын
He found happiness, meaning, purpose, legacy, respect, appreciation, support, trust, loyalty, growth and love. Not to mention success. Other CEOs made nothing more than money. The mere fact that he was attacked for having a good heart just shows you how corrupt the corporate culture is.
@clarkkent1523
@clarkkent1523 2 жыл бұрын
He not only found it, but he’s spreading it. He’s truly blessed.
@rozlynreynolds1
@rozlynreynolds1 2 жыл бұрын
Nicely said.
@srednaart
@srednaart 2 жыл бұрын
So true!! He has what really matters, and has made people's lives better as well
@oneshoe7146
@oneshoe7146 2 жыл бұрын
Exactly!
@lucsonmitton
@lucsonmitton 2 жыл бұрын
Well said he needs to start his own MBA programs too…put them all to shame. God Bless this man
@Shy-xm4kn
@Shy-xm4kn 2 жыл бұрын
This man is a great boss. He’s not greedy and truly cares about his employees happiness and health! I hope he has a super prosperous life!
@Shy-xm4kn
@Shy-xm4kn 2 жыл бұрын
@Tyler why not both? 🤔 also try not to be a negative nancy babes it’s not a cute look.
@Someone-ft5lw
@Someone-ft5lw 2 жыл бұрын
@@Shy-xm4kn Wtf is a nancy babes? plus he didn't say something negative.
@LexieFletcher
@LexieFletcher 2 жыл бұрын
He abused his wife so he isnt t that great of a person
@TurdJesus
@TurdJesus 2 жыл бұрын
@@LexieFletcher she probably didn’t want to take the pay cut 😂
@LexieFletcher
@LexieFletcher 2 жыл бұрын
@@TurdJesus domestic violence isn't very funny
@mizueeep
@mizueeep 3 жыл бұрын
This has gotta be the best "I'll prove you wrong" moment, guy is so loyal to his company and so humble, may his company continue to grow
@trollmaster4648
@trollmaster4648 3 жыл бұрын
Amen he’s a good man
@JustinFromMD
@JustinFromMD 3 жыл бұрын
But it’s not. 70,000 is not a lot in fintech. It’s peanuts. He wants you to believe that, that is what he is paying formerly minimum wage earners. You just bought into his marketing.
@langeo.2383
@langeo.2383 3 жыл бұрын
Other CEO's: How do I become richer than everyone. Dan: How do I make everyone rich
@crmarcus63017
@crmarcus63017 3 жыл бұрын
Other CEO's: How do I become the richest alive? Dan: How do I enrich peoples' lives?
@sammy080798
@sammy080798 3 жыл бұрын
I didn't know 70k a year was rich person salary? Where are you from, Mexico or West Virginia?
@LuanHimmlisch
@LuanHimmlisch 3 жыл бұрын
@@sammy080798 "ahhh look at me, I'm an edgy and grumpy kid who is trying to say bad things to ruin a good video ooohh"
@Darkplasmaray
@Darkplasmaray 3 жыл бұрын
@@sammy080798 70k a year is a crazy amount of money, its great.
@Wearenotfriendsxo
@Wearenotfriendsxo 3 жыл бұрын
that’s right
@mateorincon3448
@mateorincon3448 16 күн бұрын
He’s getting back what he’s giving for a great purpose! God bless him!
@SSmith-sx3ff
@SSmith-sx3ff 3 жыл бұрын
He BLESSED his employees they blessed him back and his company is still thriving! What a model lesson.
@infinitemonkey917
@infinitemonkey917 3 жыл бұрын
No he more evenly distributed company profits among the employees. Why do you have to use a religion adjacent word ?
@NDwhITeBoYZ
@NDwhITeBoYZ 3 жыл бұрын
@@infinitemonkey917 because that’s how people like that make sense of their reality
@metalvideos1961
@metalvideos1961 3 жыл бұрын
@@infinitemonkey917 because people like him/her are completely brainwashed.
@Nokzima
@Nokzima 3 жыл бұрын
Exactly! But the greedy executives don't believe this. Some people love watching people squirm and live paycheck to paycheck. They basically live off the backs of the workers...This is a beautiful story because he actually cares about the employees....But you know the psychopathic narcissis won't understand this selfless move...
@pastoryoda2789
@pastoryoda2789 3 жыл бұрын
*That dude got soo much money now he is banging his asian wife for babies*
@jasmineenimsaj
@jasmineenimsaj 3 жыл бұрын
He should be teaching in every MBA program across the country. His humanity yields what money cannot not buy; community. America could use a reboot in this humility.
@drduzzit8761
@drduzzit8761 3 жыл бұрын
Amen to that
@Augfordpdoggie
@Augfordpdoggie 3 жыл бұрын
thats why i left permanently and came to Africa
@mr.horrorchild4094
@mr.horrorchild4094 3 жыл бұрын
Not everyone should get a 70000 dollar paycheck 🙂
@SueDeNym08
@SueDeNym08 3 жыл бұрын
@@mr.horrorchild4094 Not every person would want it. Employees whose values align with this company are the ones who want to work there and are earning their pay. People who don't work hard, aren't team players, or are self-serving either left or didn't get hired. I see no problem using a pay scale to weed out unwanted employees.
@posh7079
@posh7079 3 жыл бұрын
So that every future business owner can bankrupt their company within days? nice!
@Belieberyazmine
@Belieberyazmine 2 жыл бұрын
I don't understand why anyone would be upset with a CEO give his employees a livable wage. Both my husband and I work full time and we are still living paycheck to paycheck. Wish this was the norm for more companies
@ultraplusmusic6101
@ultraplusmusic6101 2 жыл бұрын
Because they are greedy and wicked.
@jennifer7648
@jennifer7648 2 жыл бұрын
Same!!
@DJ-ov2it
@DJ-ov2it 2 жыл бұрын
@@ultraplusmusic6101 ???????????????????????
@moctezuma_2
@moctezuma_2 2 жыл бұрын
It's complicated, right? Capitalism allows companies to find the cheapest labor possible, if they so choose, in order to maximize profits. For a janitor at a local gas station, this might be $8/hr. Whereas a manager at a local restaurant might make $40k/yr. Either way, it's bare minimum based off the market and what people will accept. This guy, however, comes in and says $70k/yr minimum, regardless of market. This is simply an entirely different philosophy then everyone else operates off of. His philosophy requires thoughtfulness and sacrifice and is based off a concrete ideology: that people should make a living wage (of course, what a "living wage" is can be debated). At the end of the day, if the result of all this is that people stop accepting such low salaries and businesses have to start paying their employees more money, I don't think it will be that big of a deal. But as of today, companies are pushing back mostly because they know a large percentage of people are willing to accept much less than 70k. Therefore, raising salaries above what's necessary to hire the employee is foolish (in their minds).
@erosbutyassified
@erosbutyassified 2 жыл бұрын
how ? …
@thequantaleaper
@thequantaleaper 12 күн бұрын
The key is that top-level executives should make comparable wages to the rest of the employees. There's no fundamental reason why a VP should make 10+ times that of an employee that works 60+ hour weeks getting much more actual work done. The myth of incentivization is well buried at this point.
@23Peaches23
@23Peaches23 2 жыл бұрын
“I feel bad for people with lots of money, because that’s all they have” -RJ Spina This guy is awesomely the opposite of most CEOs
@alexgutierrez6128
@alexgutierrez6128 2 жыл бұрын
You must not know what money is for😂 go vote biden again loser lolol
@ryanjofre
@ryanjofre 2 жыл бұрын
Amen. Instant Hero. Paying back the short they took during the pandemic after business returned to optimum is fuking stellar.
@SusiesRepeat
@SusiesRepeat 2 жыл бұрын
This guy knows that happy employees will be loyal and give back as much if not more than he could give them.
@LOKSTED
@LOKSTED 2 жыл бұрын
Alternate title: Man who overpays his employees only become successful after 6 years
@23Peaches23
@23Peaches23 2 жыл бұрын
@@LOKSTED most businesses completely fail or go bankrupt within 2-5 years. Your point?
@ev.c6
@ev.c6 3 ай бұрын
This guy has done what companies in Denmark have been doing for more than 60 years now. Congratulations for this CEO for doing what makes sense for humans.
@Blizz247
@Blizz247 3 ай бұрын
Seems like Denmark is doing it right.
@Troggedemic
@Troggedemic 3 ай бұрын
I'd like to know what it is companies in Denmark do that in any way resembles this. Seeing as I work in Denmark, in a Danish company, and it's nothing like that. Sure, we have much more liveable wages, but that's not due to generous CEOs.
@xXCdOg24Xx
@xXCdOg24Xx 3 ай бұрын
It’s a bit more manageable when you have 2% of the US population across Denmark
@connorv6973
@connorv6973 3 ай бұрын
@@xXCdOg24Xx a bit deceiving of a metric when that "2% of the US population" lives on what represents 0.53% of total US land. Meaning roughly 4x the population density. These things are scalable.
@thornsandrosess
@thornsandrosess 3 ай бұрын
​@@Troggedemic in the video they explain that american ceo's tent to make ×320 the lowest income in their company. While in europe (if i remember correctly) the standard is around ×70. Which is still rediculous, but in comparison already a lot beter. Bc all that money payed to 1 person can now be used for more balanced saleries, or investments in the company.
@BravoTwo1
@BravoTwo1 3 жыл бұрын
More businesses need to do this, I’m sorry, should WANT to do this.
@myivyfindstore
@myivyfindstore 3 жыл бұрын
Well said.
@andriod8014
@andriod8014 3 жыл бұрын
You do realize he succeeded because of the pr right? No one ever heard about his company but when he announced the equal pay. Everyone knew, everyone started doing business with them, increasing revenue and helping the 70k paycheck. If you read more on it, they were other problems he faced. Some of his long term employees left. His brother who confounded the company, sued him. It also matters on the occupation. Would you a phd student, who spent $200k on education, years of studying want to be paid the same amount as a bachelors student? No of course not. I am not trashing him, he did good, but this doesn’t apply to all businesses. No if this happens on another small company, it’s not gonna be the same.
@OCVeritas
@OCVeritas 3 жыл бұрын
@@andriod8014 You’re ignoring the fact that he forfeited his million dollar salary, and that karma attracted other like minded clients to his business. That karma also fostered the kind of loyalty that prompted employees to voluntarily cut their pay to keep the company afloat when their client roster shrunk during the pandemic. All of his employees are thriving. And not everyone with a ph.d. gets a starting salary of 70k.
@insertclevername4362
@insertclevername4362 3 жыл бұрын
But what about the new employees he could have potentially hired, instead of helping the lucky few. Especially when considering when we first read about this guy i think we all knew he would be ok, he would be praised by many of the people who surrounded him, so its not like it was a bad business decision. The problem with making the US like Europe where it seems to be like a socialist utopia is that they just aren't as big as us, and diverse of lifestyle as us
@ariloves10
@ariloves10 3 жыл бұрын
@@andriod8014 the fact is that they succeeded, and in business as in life, there will be casualitirs of war. That 'war' being an inability to achieve a successful meeting of the minds. De Niro said famously in a movie I don't recall its name, " everyone wants the baby, but no one wants to go through childbirth." To the employees who 'invested' in the company, their sacrifice is deserving of their reward.
@NikitaKarciauskas
@NikitaKarciauskas 13 күн бұрын
Now THATS what I call a GREAT CEO
@ohhalrightokay
@ohhalrightokay 3 жыл бұрын
It’s crazy how some were against this move. If this CEO wants to give a good wage to his employees, let him. The critics are probably the ones who love seeing homeless people on the streets and then blaming the government for it.
@MikeSchellingMusic
@MikeSchellingMusic 3 жыл бұрын
Other businesses were critical and against it because of it worked (it did) there would be a real precedent for paying employees more and CEO’s less.
@michael7264
@michael7264 3 жыл бұрын
The problem was this guy wanted other businesses to be FORCED to follow his business model.
@colesmith7509
@colesmith7509 3 жыл бұрын
@@michael7264 I mean 70k a year in Seattle should be very little to ask for considering the standard of living. 35k is completely unreasonable
@AmRFuKYaH
@AmRFuKYaH 3 жыл бұрын
It's 100% ok if it's on a voluntary basis, when it becomes a problem is when people want the government to mandate this business plan
@pbj0815
@pbj0815 3 жыл бұрын
EXACTLY!!!
@bigtaz504
@bigtaz504 3 жыл бұрын
It’s nice to know that people like this still exist. Warms my soul. Really.
@Nola50
@Nola50 3 жыл бұрын
Sadly it's very rare tho. That's why they made it on the news.
@russelherman6226
@russelherman6226 3 жыл бұрын
... And in muriKKKa of all places...
@riogc3257
@riogc3257 3 жыл бұрын
We need ppl like him, he’s a guy with a big heart! Not only creates a successful business but a family!
@cantu7614
@cantu7614 3 жыл бұрын
Well not for investors or anything but ig
@cantu7614
@cantu7614 3 жыл бұрын
@Jaxon Healey eh kinda
@jayrose8638
@jayrose8638 3 жыл бұрын
@@cantu7614 it’s literally working for him, his employees, and his business.
@BeeHiverson
@BeeHiverson 3 жыл бұрын
Why is he only paying 70k they could thrive even more if he paid 140k
@cantu7614
@cantu7614 3 жыл бұрын
@@jayrose8638 right but like he would never get investment from investors if all the money is pumped to the employees.
@CrzyLion
@CrzyLion 16 күн бұрын
"because we can affort it" yeah that got me straight in the core being.
@jasonross2439
@jasonross2439 3 жыл бұрын
Great story, that’s a REAL BOSS. Everyone wins when everyone is happy .
@rane7173
@rane7173 3 жыл бұрын
He’s a REAL LEADER, that’s the difference but you’re totally right.
@BENKYism
@BENKYism 3 жыл бұрын
Google him and think about what you just said
@chrisnikki999tarot4
@chrisnikki999tarot4 3 жыл бұрын
As usual Rush Limbaugh needs to stay in his negative life lane and stop projecting his negativity on people who actually get how life works. Rush needs to hush! Once again you have been proven wrong that giving people , get blessed.
@chrisnikki999tarot4
@chrisnikki999tarot4 3 жыл бұрын
@The Courier I know. I don't want to give a thumbs to that bc he's already gone. I get what you're saying.
@BENKYism
@BENKYism 3 жыл бұрын
@@chrisnikki999tarot4 1. You said "Rush needs to hush", not knowing that he died recently. I know you didn't say that intentionally (even though you said you did for some reason) but that's about as morbid as it gets. 2. You think that Rush Limbaugh doesn't understand life? You don't even understand that the guy in the video underpaid his employees for 11 years while giving himself salaries of over a million dollars, and that he only doubled the salaries after a massive lawsuit was filed against him. This guy embezzled millions of dollars.
@jcect
@jcect 3 жыл бұрын
“ we’re not only just living..we’re able to thrive”. This is the one that hit me the most. As someone who has been riding the struggle bus as long as I can remember, that line hit me the hardest. I really wish more companies can take notes.
@melissapierce5557
@melissapierce5557 3 жыл бұрын
Absolutely!
@xxxmx4568
@xxxmx4568 3 жыл бұрын
Wish all u want it won’t happen ya stupid as
@the1realneel
@the1realneel 3 жыл бұрын
@@xxxmx4568 so much hate in your heart. Don’t have to take your unhappiness out on others for no reason. I hope you have a good day. Try spreading some kindness it feels better.
@paulinoleal5592
@paulinoleal5592 3 жыл бұрын
That’s bad for business. Lol and if it’s bad for them it’s even worst for you
@cindybryant1236
@cindybryant1236 3 жыл бұрын
@@xxxmx4568 WOW...
@rodcab2973
@rodcab2973 3 жыл бұрын
Crazy what employees are willing to do when they're treated fairly and giving a chance to succeed in their workplace. This man is doing God's work.
@ladyzinada5341
@ladyzinada5341 3 жыл бұрын
He will continue to thrive
@Stalkerx13
@Stalkerx13 3 жыл бұрын
You can tell these employees will never quit. They all seem so happy.
@fakereality4546
@fakereality4546 3 жыл бұрын
Yep the other business owners who don't like him just mad he exposed them for being greedy world is pure evil
@Smoke1386
@Smoke1386 3 жыл бұрын
Get back to work lol
@Flokoli1
@Flokoli1 3 жыл бұрын
Some employees think that they're not treated fairly enough when they actually are
@f.m8550
@f.m8550 2 ай бұрын
You give me hope in humanity ❤ thank you 😊 from texas
@bradstoner7226
@bradstoner7226 3 жыл бұрын
This guy is a hero. He didn't let Greed control him like 99% of most CEO's!
@samuelsanchez2010
@samuelsanchez2010 3 жыл бұрын
But we will not be satisfied, than they will want a raise later down the road. How much can you pay them?
@sandhanitizer15
@sandhanitizer15 3 жыл бұрын
Lets raise that number to 100% and just say he's the one CEO ever to not let freed control him.
@lindascott3973
@lindascott3973 3 жыл бұрын
@@samuelsanchez2010 did you watch the video? When there was a downturn during Covid19 the employees voluntarily took pay cuts. Now that's loyalty. You get what you pay for. This company pays for happy, motivated, loyal workers. And generous, they chipped in to buy the boss a fancy car! Similar story: an ice cream shop started offering I think it was $15 an hour. Now they have plenty of staff, unlike all the places you see who can't get anyone to work for them. And the owner pointed out how the staff are happy and cheerful because they didn't have to work 3 jobs to survive and the business was doing great because people wanted to go there for the excellent service.
@brookelarson8645
@brookelarson8645 3 жыл бұрын
He is ABSOLUTELY AMAZING! HE HAS BLESSED so many people, even taking a pay cut from his own self! Greed is not in his moral compass & I pray his business goes on to be so successful especially during this darn pandemic for many many many year's to come!!! We need more businesses & CEO's/CFO's like this! The world would be such a beautiful place if we can do things like this! Coming together by putting other's above yourself! Absolutely love it..You good sir, are a rock☆star! Sending you love & praise from Cali!
@russellkasprzyk4934
@russellkasprzyk4934 3 жыл бұрын
99.9
@benwood7475
@benwood7475 2 жыл бұрын
The fact that this man was attacked for daring to try is insane to me. As long as the company is profitable then it’s all ok. As ever failing to look closer.
@SusiesRepeat
@SusiesRepeat 2 жыл бұрын
That is because he is showing up every other ceo for what they are money hungry people with no soul.
@LOKSTED
@LOKSTED 2 жыл бұрын
Alternate title: Man who overpays his employees only become successful after 6 years
@adamant5550
@adamant5550 2 жыл бұрын
@@LOKSTED Meh "success" is subjective. Some are perfectly fine with making a decent living and not being kajillionaires. This is a very small town, communal way of thinking that creates an enduring sense of community. The corporate CEO mentality that came out of the 80s ruined commonsense business practices.
@LOKSTED
@LOKSTED 2 жыл бұрын
@@adamant5550 I suggest you read the Glassdoor review from his employees. This guy is just doing publicity stunt
@adamant5550
@adamant5550 2 жыл бұрын
@@LOKSTED I'll check it out. Perhaps some things are just to good to be true.
@genevieveaniko6492
@genevieveaniko6492 4 ай бұрын
The fact that people like this exist in this cruel world.. Gives me hope. More power to them.
@possumguts
@possumguts 4 ай бұрын
the real story is all of these people are his family and he's paying everyone off to help cover up that he's a r apist. just google his name
@SomeOne-lx8zx
@SomeOne-lx8zx 3 ай бұрын
@@possumgutslol what? Dudes charges got dismissed because the court found the victim’s story to be “inconstant with contradictions” not only that but your thought process is straight up illogical even if you ignore the fact that he changed peoples salary before said allegation it still would make literally no sense what so ever for the dude to put his name and face out publicly while doing creepy stuff he would of simply taken the million dollars and done his horrible activities in private Its very weird how you’re okay with lying and possibly ruining someones life over something that was found to be unbelievable in court you my friend sound like one of amber heards supports and to think its all because the dude paid people property… have some self reflection
@mattengland653
@mattengland653 3 ай бұрын
He’s literally not even the CEO anymore… stepped down in 2022 after being sued and accused of rape and kidnapping lol
@falcongamer58
@falcongamer58 3 ай бұрын
​@mattengland653 his company is publicly traded?
@Kid98.
@Kid98. 3 ай бұрын
Hi I am also one of them hehe Sounds cringe and narcissist but I'm not a bad guy haha
@auspiciousnkomo3071
@auspiciousnkomo3071 Ай бұрын
True leader, a human and a humble being. Now that is a person who knows the struggle and truly wishes others well. With a leader like that, employees would commit and never slack off because they have a sense of ownership, they know what they have only exists at gravity, handle with care. He is simply a good man
@geminislefthand
@geminislefthand 3 жыл бұрын
He's a servant leader... all the other CEOs aren't leaders, they're "bosses. Good job man!
@Techblair.
@Techblair. 3 жыл бұрын
Agreed!!!!!!^^
@sillygoose635
@sillygoose635 3 жыл бұрын
that's not true, there are good CEOs out there
@robinbrown7953
@robinbrown7953 3 жыл бұрын
True...any one can boss....few can effectively lead. he's a leader.
@BENKYism
@BENKYism 3 жыл бұрын
Oh yeah, giving himself salaries of up to $1.1 million a year for 11 years while his employees had minimum salaries of $35k makes him a "servant leader". He didn't double the salaries until his brother filed a huge lawsuit against him for underpaying employees, vastly overpaying himself, and not paying shareholders! But by then, he already had a multi-million dollar nest egg from the money he stole from his employees' salaries. You should google things when they sound too good to be true.
@drakevick1646
@drakevick1646 3 ай бұрын
He understands the saying, “it’s better to be loved than to be feared” to its fullest. People don’t go out of their way because they’re forced to, they go out of their way because they want to, and he knows that mentality with his employees is basically the most sustainable type of business style
@lonebear7563
@lonebear7563 3 ай бұрын
The quote is actually "It is better to be feared than to be loved, if one cannot be both." It’s from the prince, if you haven’t read it I’d give it a read. It does open your eyes more than you’d expect.
@lonebear7563
@lonebear7563 3 ай бұрын
I do agree with what your saying it’s just the source your pulling from basically argues the exact opposite point your making
@jesuschrist7833
@jesuschrist7833 3 ай бұрын
@@lonebear7563he was quoting A Bronx Tale…
@bojnebojnebojne
@bojnebojnebojne 2 ай бұрын
100% agree
@LeahIsHereNow
@LeahIsHereNow 2 ай бұрын
People who get respect because they are feared are not truly respected anyway.
@amadeomoable
@amadeomoable 3 жыл бұрын
"Way happier now than ever was"...that should be every employees and employer's goal...GOD Bless this man...he's an employee's dream CEO...
@link2442
@link2442 3 жыл бұрын
@@jetpacmozi746 Keeping up with the Jones?
@betsysoderquist9954
@betsysoderquist9954 3 жыл бұрын
Yes, God bless him! What a beautiful business model. This story gives me great hope.
@BeeHiverson
@BeeHiverson 3 жыл бұрын
@@betsysoderquist9954 I hope McDonald’s goes do this business model!! How great would it be everyone would make a great living and hamburger would cost 300 bucks a piece 😀
@RedTitan5
@RedTitan5 3 жыл бұрын
Boomers hate that
@link2442
@link2442 3 жыл бұрын
@@BeeHiverson Hamburgers wouldn't cost that much, infact it would bring quality service to the restaurant. I guess you don't about Chic-Fil-A
@zaboorchaudhry327
@zaboorchaudhry327 10 күн бұрын
Can't describe how happy this made me, I would drop anything to work for a CEO like that. Look how happy everyone is. inspiring..
@raynheunes6291
@raynheunes6291 4 күн бұрын
He had to resign because sexual misconduct and manipulative behavior, his wife also accused him of assault for years. Still want to drop everything to work for him?
@ricomarez7834
@ricomarez7834 3 жыл бұрын
I got chills hearing about the employees willingly taking the cuts for the company and then being repaid in full. It’s really moving. Honestly if a boss were to do such a kindness for me and my company I would do my best to return the favor.
@j.brown70
@j.brown70 3 жыл бұрын
Me too. My heart melted when they said he repaid them in full. Amazing!
@need100k
@need100k 3 жыл бұрын
And they do exactly that. Treat your employees well and they do a MUCH better job. Customer service improves which keeps customers and brings in more customers. It's a win for EVERYONE. There are no losers in this anywhere.
@msawmusic
@msawmusic 3 жыл бұрын
Made me tear up. No lie. Valuing your employees over profit is true leadership and this man will continue to be blessed for it
@ladyzinada5341
@ladyzinada5341 3 жыл бұрын
Yup
@SGGCREATIVES
@SGGCREATIVES 3 жыл бұрын
The crazy thing is, he still makes a profit. A very good profit. Just not an obscene profit as other CEOs do.
@OMIEntertainment
@OMIEntertainment 3 жыл бұрын
@@SGGCREATIVES This is what life is about. If we all lived this way the world would be so much better because we all would be in a position to help others instead of just surviving.
@177SCmaro
@177SCmaro 3 жыл бұрын
You're free to do this but virtue signalling in this way is remarkably expensive. In a company were the janitor makes as much as the CEO while contributing far less economic value, weeeell...let's just say that generally doesn't end well.
@msawmusic
@msawmusic 3 жыл бұрын
@@177SCmaro that’s only relevant to what’s “expensive” for you. I’m sure he hired a 3rd party cleaning service to clean their offices.
@ItsDanny91
@ItsDanny91 4 ай бұрын
I don’t see why a CEO needs to make more than 500k. Many of them are making $30 million a year and there is no 70k minimum.
@LeroxYT
@LeroxYT 4 ай бұрын
Exactly, its not like CEOs are better than others, or its so difficult and time taking to be a CEO, so why should a CEO be paid more than a million
@CorpusGreed
@CorpusGreed 4 ай бұрын
Because... the can. I mean, i get your point, but that's what happens when you have an opportunity to earn enourmous money. I mean, it's understandable if he has a huge family, kids, their education, maybe helps out his elders and so on, but usually it's just because people are greedy. "Why should i put money in pockets of my employes if i can put them all in my own?"
@jonmcclain662
@jonmcclain662 4 ай бұрын
The CEO took the risks and deserve to reep the rewards, the employees didn't had to put in a lot of money and time to start the business, its a lot of work to start one, that's why many don't and the ones who do and not put everything in place ends up failing. If ppl want fairness, then the employees should risk bankruptcy if the company fails as well, the only one burden with that risk is the ceo/owner.
@KK-fw4zq
@KK-fw4zq 4 ай бұрын
$30million is quite generous lmao. Delta CEO bonus was $25 million during Covid and he fired 20% of his employees. Guess his bonus was more important than those employees.
@braedonallen4291
@braedonallen4291 4 ай бұрын
@@jonmcclain662 CEOs are hardly ever those who started the company. They're usually brought on board an already successful company specifically to maximize shareholder value. So, they in fact face very little risk, and there is no reason why they can't afford to treat their employees well, they simply choose not to because paying your employees well and giving them good benefits decreases quarterly earnings and slows share value growth, which means that their paycheck won't grow as quickly, and they obviously can't have that (/s). Ultimately, it boils down to shortsighted greed.
@silog21
@silog21 16 күн бұрын
Who would have thought that treating and paying people respectfully would, in return, make people want to work with you because they genuinely respect you?
@ninjaninja9954
@ninjaninja9954 2 жыл бұрын
This is the only company you can call "family" without being fake. Other companies have this family culture BS but it's for you to stay in the company while they pay you peanuts.
@LessFluff
@LessFluff 2 жыл бұрын
a lot of them have family culture but only between low earning workers...
@projectx7453
@projectx7453 2 жыл бұрын
True
@gateauxq4604
@gateauxq4604 2 жыл бұрын
Maybe the other companies are family too, it's just terrible abusive ones.
@ninjaninja9954
@ninjaninja9954 2 жыл бұрын
@@gateauxq4604 i wouldn't call those families then
@ModernCults
@ModernCults 2 жыл бұрын
Peanuts xD
@iliiitrinidad1997
@iliiitrinidad1997 3 жыл бұрын
I pray that this CEO prosper for his loving kindness.
@davidasingleton8943
@davidasingleton8943 3 жыл бұрын
He is prosperous that’s how he’s able to pay like this! That’s out of abundance and prosperity! This is awesome ❤️ The company is thriving because he have happy employees ❤️
@icemike1
@icemike1 3 жыл бұрын
Good business sense
@sleepyconscious
@sleepyconscious 2 ай бұрын
this genuinely made me cry. this shouldn’t be the exception, but the RULE. god bless these people
@ailincano1106
@ailincano1106 2 ай бұрын
I was about to comment this. Me too
@kurtniznik8116
@kurtniznik8116 Ай бұрын
All that's needed to change 'the rule' is to adopt the Marxist principles of corporate democracy, where all employees of a company get a share of the company's profits and a vote on how the company is run, what they do, how they do it, what they do with the profits, etc. This is already done at many companies and it's possible right here in the USA if people want to do it, doesn't require an act of government. See the work and teachings of economist Richard D. Wolff, a leading exponent of this idea.
@lemmeknow9584
@lemmeknow9584 26 күн бұрын
same, i felt silly for tearing up over this, glad im not the only one 😂
@Dst19994
@Dst19994 16 күн бұрын
Crazy how a company that pays their employees a livable wage that allows them to buy homes, start families and live the American dream is considered newsworthy. We’ve become so used to most people financially struggling and living paycheck to paycheck that when something actually works the way it’s supposed to it’s newsworthy. We really are on the downfall as a country.
@3OOG
@3OOG 3 жыл бұрын
The world could use more humans like Dan Price. He sets the tone and the example and his employees follow suit. What an amazing story. You reap what you sow.
@calibreezi5179
@calibreezi5179 3 жыл бұрын
Robert. Gang gang. kzbin.info/www/bejne/g3fde3-oZcurebM
@emilemarie3804
@emilemarie3804 3 жыл бұрын
Indeed
@nancydiehl296
@nancydiehl296 3 жыл бұрын
Well said.
@cademancaden
@cademancaden 3 жыл бұрын
I'm so glad his business is booming. He's a beautiful human.
@martintsanov4341
@martintsanov4341 3 жыл бұрын
70k is the magic number. His employees can cover their expenses without worries, which will lead to higher productivity.
@JohnSmith-ww2mg
@JohnSmith-ww2mg 3 жыл бұрын
and the likelihood of people leaving his company for better pay elsewhere is significantly reduced and he can retain very good employees who will be loyal to him
@jessicapierce3027
@jessicapierce3027 3 жыл бұрын
And also help the economy. Imagine if all CEOs would run their businesses with their brains and not their greed.
@jessicapierce3027
@jessicapierce3027 3 жыл бұрын
@Kevin Tati sadly we already are. Very true just increasing wages isn't enough.
@NoxStream
@NoxStream 3 жыл бұрын
@Kevin Tati Lol, it's Seattle. It's not economic policy, just Amazon
@dongo6988
@dongo6988 3 жыл бұрын
@@Concretetime it’s because of minimum wage raising, if minimum wage goes up so do taxes, and so does just about everything else (inflation). Sadly, almost everybody in the world is greedy. Occasionally you come by a company like gravity that actually cares about employees, but that’s a one in a million case..
@nina-111
@nina-111 3 жыл бұрын
Dan is a rare gem. You never see a CEO doing this. Bless his soul.
@AferAlR
@AferAlR 3 жыл бұрын
I own a small company, in my country Indonesia. I give all of my employees way over minumum wage. The result is really good: employees loyalty, employee productivity increased, and due to our employees being happy at work, our customers are always getting served greatly 👍
@Gonpachirooooo
@Gonpachirooooo 3 жыл бұрын
@Don Carver I don't know, seems like he's thriving to me
@EagleZtoTheGrave
@EagleZtoTheGrave 3 жыл бұрын
@Don Carver Kindness & caring about the people under you thriving isnt stupid, as long as you level the risk.
@courtneyreiner
@courtneyreiner 3 жыл бұрын
@Don Carver seeing as business tripled and employee turnover was cut in half, I’m not seeing any logic in your argument. Did you even watch the video…?
@dlcdaniel6308
@dlcdaniel6308 3 жыл бұрын
@Don Carver the more coverage the business gets from this situation, the more customers they will receive. Their employees are seasoned and new ones are learning fast, this boost in employee performance increases customer satisfaction, raising the number of loyal customers and future business transactions. As long as they can keep the press on this for a bit to get even more customers, and those customers talk (because the majority of us do like to support a business that supports its employees) they'll get even more business than the last time they had this coverage. I don't think that money is going anywhere but up
@FreeSpokenOne
@FreeSpokenOne 2 жыл бұрын
He isn’t crazy, he’s valuing employees, something all employer’s should do. Be for helping others get ahead, treat them as you would want to be treated in the workplace. I spent 33 years with a man like this, who put needs of employees first, invested money for them to have upon retirement, and when times got hard, received NO paycheck for 3 years to prevent laying people off. No job in his company was beneath him to do himself. He’s gone now, but never forgotten for being like this, and I in return would have taken a bullet for him anytime.
@thewakandankingtchaka5331
@thewakandankingtchaka5331 2 жыл бұрын
Sounds like a champion.
@jeffalbillar7625
@jeffalbillar7625 2 жыл бұрын
I don't know why, but your comment moved me. I felt the last sentence especially.
@Picachki
@Picachki 2 жыл бұрын
So many people feel unappreciated in their line of work. I’m happy you felt appreciated and cared for. He sounded like an exceptional individual! Glad you had each other in life.
@luzye
@luzye 2 жыл бұрын
Thank you for sharing!
@willm3027
@willm3027 2 жыл бұрын
What a legend! Rip to that man!
@marcelmarizu1229
@marcelmarizu1229 3 жыл бұрын
Extraordinary CEO. Paying the staff their full salaries and arrears during after the lock down caused by the pandemic is unbelievable.
@idahoman325
@idahoman325 3 жыл бұрын
Caused by the government I think you meant to say.
@camomoustache
@camomoustache 3 жыл бұрын
Dan Price beat his ex-wife, and only took the pay cut because he was illegally paying himself an inflated salary and was being sued by his brother.
@kennethphillipsii
@kennethphillipsii 3 жыл бұрын
@@camomoustache the owner?
@pigpig252
@pigpig252 17 күн бұрын
The people hoping this would fail are the worst kind of greedy leeches in the business world. A company that is so trusted by its employees that they'll voluntarily take pay cuts to keep it afloat must be a fantastic environment to work in
@OhHeyItsShan
@OhHeyItsShan 3 жыл бұрын
They took a voluntary pay cut when times were hard and when things returned to normal, the company actually paid them back for what they had lost? Amazing! Who would want to leave a company that cares for you this much?
@whodis5774
@whodis5774 3 жыл бұрын
What capitalism should be; businesses with excellent leadership have terrific flexibility
@mclilzenthepoet2331
@mclilzenthepoet2331 3 жыл бұрын
@@whodis5774 this isn't capatilism what this boss is doing is giving his workers there actual value that he would usually take in the name of "excess profit" if you know you know
@nickl5658
@nickl5658 3 жыл бұрын
@@whodis5774 What is happening in this business is not capitalism. It is not cost effective as capitalism would desire. Instead this is socialism. The companies prides itself on the number of babies its workers have. That is a company focusing on the social aspect.
@MrCAHRLIE22
@MrCAHRLIE22 3 жыл бұрын
@@nickl5658 spot on
@shells500tutubo
@shells500tutubo 3 жыл бұрын
@@nickl5658 The goal in capitalism is to make money. The company is making money. The difference is that the CEO is not a pathological hoarder. All these greedy CEOs are hoarders, but instead of cats and magazines they hoard more money than they can ever spend, and even that isn't enough. As AOC said, billionaires shouldn't exist. If you have a billionaire CEO you have a criminally underpaid workforce.
@Reglaized
@Reglaized 4 ай бұрын
He only takes $70,000 home and he never even mentioned that his company was “family”.
@vbgsantander
@vbgsantander 4 ай бұрын
Yeah right! When someone says that about their company its a 99.9% probability that they are the worst instead of being one of the good guys
@keus7453
@keus7453 4 ай бұрын
so true bestie
@SyedAli-xb8by
@SyedAli-xb8by 4 ай бұрын
he probably makes more than 70k I'm assuming that 70k he mentioned is just his cash compensation usually the bulk of exec pay is stocks
@frequentrage3806
@frequentrage3806 4 ай бұрын
@@SyedAli-xb8by It's also possible that he just has millions in savings and is living off the 70k/ year until he retires. Plus you have a good point he can sell of shares of the company that he is growing in value and giving good publicity to.
@rosifico
@rosifico 4 ай бұрын
Which is ironic because some of the employees are literally family lol
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