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2010 – US Congress directed SEC to
require public companies to provide
information on ratio of CEO pay to average
employee wages.
“...The idea to almost double the minimum
pay of my employees started after a friend
shared how hard it is to pay rent and
student loans and make ends meet on a
$40,000 annual salary...” Dan Price, CEO.
To track the pulse of the HR world, or
follow up on latest workplace trends, visit
our blog at http://cake.hr/blog/
Some remain loyal, while others who share
same vision as Price also signing on with
Gravity Payments.
He's now being
sued by his brother,
Lucas Price, on
charges of ignoring
the latter's rights as
minority
shareholder before
making this
decision.
Even if only 0.8% of Americans earn
Minimum wage according to statistics,
CEOs still earn 331 times more than
Average workers.
So, are you with Mr. Price? Or are you part
of the other side of the coin?