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| And Price |
SEATTLE - UNITED STATES. A chief executive officer (CEO) who rocked the corporate world by cutting his own salary three months ago are now beginning to feel sad because of his actions.
And Price, 31, told the New York Times that he had to rent his house to supplement his income now.
"I work hard to make sure that my decision was right," Price said, referring to his decision last April.
Price action cut his own salary raises to 120 employees and up to USD70,000 (RM267,750) a year, causing its Gravity Payments loss of customers and two employees capable.
One employee, Maisey McMaster, 26, told that the price raises to new employees on a par with the old workers.
"Price is a lot of pay rise for workers who are less able to do the work, and they are not capable of receiving a commensurate increase," said McMaster.
McMaster claims that accuse Price selfish when they discuss the matter.
McMaster resigned soon after.
Another worker, Grant Moran, 29, also resigned after claiming a raise is 'confusing'.
"The average worker also gets the same salary as me. It led to highly capable employees bound by a regular employee," he said in an interview.
Gravity Payments, a credit card processing company is losing customers because the company expects will increase charges to cover the salary increase.
To make matters worse, Price will be faced with a lawsuit after her brother, Lucas, which owns 30 percent of shares of companies accused Price produce millions of dollars in company money to implement the wage increase.
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