What Happened When CEO Dan Price Took A $1 Million Pay Cut
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- čas přidán 10. 12. 2019
- This CEO truly puts his money where his mouth is. When Dan Price heard that employees at his company were struggling to make ends meet, he instituted a $70,000 annual minimum wage -- and cut his own salary from over $1 million to $70,000 in order to do it. Kelly talks to Dan about why he decided to make such a huge change, and hears from two of Dan's employees how this pay increase has fundamentally changed their lives for the better.
#KellyClarksonShow #DanPrice
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This is almost unreal. This man needs to train other company CEO’s. A fair salary gets you committed employees. God bless him🙏🏻
There wouldn’t be any ceos left. Who would you wanna run a company with no reward
Officially Troubled Ameen Amen.
@@jakezlomek6192 The reward would be a very high employee retention. Employees would be happier and more productive in their respective job position. Which equals a better smoother running company. A CEO is just the head of a company and they are nothing without their employees.
@@jakezlomek6192 - They don't have to pay themselves the same as their employees, they can still make more. But $40k per year vs. $1m per year is just stupid. The US has the worst average worker to CEO pay ratio of any country in the world.
L Alien they do they’re called ceos
Protect him at all cost! He's exposing the shitty, greedy system and I promise you the powers that be don't like it, and will try to get rid of him.
They have already made it clear.... om FOX and they were real mean.
This is the problem... people who work hard don’t earn shit all. People who work shit all, have it all. Look at all these social media “influencers”. What exactly are they influencing? Depression? Anxiety...
Easy to say than done.
I bet that if you become a boss. You will never do what he has done.
@@micahbell7840 I would never want to start a business or head up one unless I could provide all my employees the quality of life I would want for myself.
@@BelieveInJMH blah blah. Full of talk
Dude is simply applying Maslow’s hierarchy of needs. How do you expect your workers to be motivated if they can’t even satisfy their basic needs?
@tr98asu bro Seattle is expensive
@tr98asu No shit 75%of them leave, but the ones who stay just go and work 2 shifts while sleeping in there car taking showers at the local gym. San Francisco is one of them. All mighty dollar baby.
And you would think his success would show other companies this lesson.
I did my high school senior project for honors humanities on Maslow's hierarchy of needs and to see this gentleman fully respect that concept and use that theory to better his employees lives is so inspiring ❤️
I’ve worked a plethora of jobs throughout my adult life, I’ve never had a manager or supervisor that’s even half as good as Dan Price. He really is one in a million! God bless you and your company, sir.
Most CEO can afford t do this but greed is in their blood.
@JW McCabe maybe throughout history but these days, greed seems to trump most CEOs
@@merncat75 true
Indeed I would work for him just by him showing he cares. Money helps but not if u don't like going to work or the ppl u work for.
@@pwhit59 True indeed. The messed up part is some of the hardest workers are usually the one's getting paid like crap keeping the company afloat.
My husband works for a family-owned corporation that prioritizes the health and well-being of their employees. They are generous with sick leave and parental leave, and have an option for employees to pick one day of the week to work from home. They get a discount on health insurance each month after a company-provided physical, and another discount if you agree to quit smoking or continue to not smoke. Dan runs his company as a family, which maybe more companies should do.
Ya all need to get in touch with my Daughter who just started her HR consulting business for small Business
I’m glad to hear that. I hope family owned corporation is thriving..
I pray “Come Holy Spirit! Pour forth Thy spirit and enkindle the hearts of the faithful, pour forth thy spirit and renew the face of the earth. It’s to usher in The Era of Peace!
It’s just not realistic with large companies.
@@trolololololololololololol6124 how can it be, you don't honestly think they will give up that 300% increase taking up ever penny of overhead in the company..
“I HAVE ALOT OF WORK TO DO ON MYSELF.” You can’t be mad at that for him staying single until he’s ready. Maaaad respect for that.
You have good people trying to be the best partner their SO can have and then the garbage wrecking the lives of anyone they meet. If only good people could give themselves more credit and more slack: we don't need you to be perfect, you just have to be happy and decent. And if you ever hurt me I'd be happy to forgive you as you would have done for me.
For real. He's already doing work on himself just knowing that. When he is ready he will make a fellow brilliant hippy happy.
@@MohamedTarikRochdi True, but you also need to be comfortable with yourself and your flaws and know who you are and how to stand up for yourself, before you can be in a relationship like that.
I dated someone while I felt worthless and I was just very happy that someone accepted me. I also "understood" after a while that 'worthless people' deserve punishment when they inevitably make mistakes and that holding someone upside down and shake them by their ankles is just a funny drunk joke, and anyone that doesn't like to be surprised that way is just a whiny hag.
That is why I needed to work on myself. Because I thought those things.
"We need to be better for each other." Wow, where can we clone Mr. Price.
bforgiveness No cloning, he just needs to make lots of babies.
@@AndySaenz That's a thought. How about cloning and lots of babies? LOL
Just imagine if every business was run this way. I wouldn't mind if the owner of the company got a few extra stock options or something, but otherwise, anything the boss gets - health insurance, vacation and sick days, stock options, not to mention a phone and work laptop to take home in case they have to work from home. These are basic tools that you need to do your job.
He's the man
Yep, find this man an equally kind-hearted and moral person and this world can be a slightly better place.
Iv'e just read an article about this on the BBC and wow! what an amazing guy. It's a shame people like him are rare.
In Malaysia, we're so lucky to have two awesome people like Dan. They are Ebit Liew and Uncle Kentang.
SAME HERE!! The same article on BBC as well. He’s phenomenal ❤️
Well, people with his mindset are not so rare. The thing is that, when they get near a position like his, they get killed or, at least, sabotaged. That's how our system "works".
crazy
i guess Im asking randomly but does any of you know of a way to log back into an instagram account?
I was stupid forgot the login password. I would appreciate any assistance you can give me
We need more CEO's like this!
I agree. Dan Price is a godsend. This man is literally a gift from heaven. He looks like the reincarnation of Jesus Himself!
@@adamkalb1 I don't think Jesus went around sexually assaulting women though
@@tpipandpop4242 his charges got dropped
What a selfless guy 👏🏻
What he did just made his company grow even more and in a short period being good brings good
My boss did this for me. I was cleaning for the company and at my 6 month meeting she asked where do I want to work towards. Long story short I am now back at school training towards a nursing of bachelors.
Good luck.
That's awesome!
Congrats!
It's a bachelor's of science IN nursing. 😜
Keep up the hard work!
Being a good human looks so good on him😍
This comment is truly amazing and humbling...I needed to read that
I hope he finds his twin flame, someone who appreciates his loving nature.
That's so sweet!
Would love to meet a guy/boss/business partner who thinks and has values like him
He is a single
@@antygona-iq8ew $1 bill
LOL. His victim Shelby Hayne filed a complaint with the Seattle police after her encounter with Mr. Price.
Gives him hope for humanity. You are a treasure, Dan!
Oh my goodness, is this guy for real? He is AMAZING and humble and literally puts his money where his mouth is AND acknowledges his flaws ?? Like, is he a marvel super hero or Captain America in disguise or something ?
He is a decent and caring person, someone who cares about his workers.
He is also smart enough to know if you let your employees know you see them as partners in your dream then help them and they will help you.
I would work for this man the rest of my days if I was his employee. A boss who sees you as part of and not just a replaceable part. 🙏❤️🇺🇲
This aged terribly lol
@@stagbreaker what happened?
This is the right way of Capitalism, paying people who make the money decent living wage, giving them security to enjoy life. Unemployment is not the issue anymore, politicians love to take credit for low employment every day, what they do not is how these employers are working long hours, not having security, making millions for corporations but struggling ourselves. This boss is the way on which future should be.
matt & LDN isnt this socialism tho?
@@karlmars4777 Yes, but to be more precise his company spawned from a capitalist idea, then Price realised that it was doing more harm to his workers so he switched to an equal and balanced pay for everyone, which is much more of a socialist idea.
@@atticusv668 its funny, things NEVER work in absolutes, economic systems are the same way.
@@karlmars4777 no. Dam still owned the means of production. Hea just a mindful capitalist who pays good and dosent extract every dime he can.
@@icomment2533 *Sure, but it's a lot closer to socialism than capitalism. Capitalism is about maximum profit at any cost. That's why during covid the workers, yes the workers, voluntarily took a pay cut to save the company.*
I wanna Buy his product and I live in denmark and dont know what he does but wanna support
Har du fundet ud af det? 😊
His company process credit cards transaction for small business, think Square.
If you have a small business and want to have the transactional power of Amazon, Gravity Payments would not be the worst company to partner with, 😃😃😃
The 3 people who gave this video a thumbs down represent what is wrong with this world.
Those are some company CEO's I guess 😅
And the number keeps rising. These humans are clearly limited.
Now it’s 97 🤣😂😩people suck!
you know the number of likes and dislikes shown the good people are outnumbers the evil one
There are always a few accidental dislikes and likes when scrolling, at least in my experience lol.
What's sad is that this man is relatively small compared to giants like Amazon yet he managed to make it so that his employees got their fair share of the company. If this man can figure out how to balance his companies money to benefit himself AND his employees then bigger companies can too. This shouldn't be inspiring it should be the norm for those of us who put our all into our work.
Corporations are too greedy to contemplate such ideas.
If only more CEOs thought like this, can you imagine? What an amazing man and boss!
Most CEO’s are only thinking 5 yrs with a company. Go in, get as much cash as I can, and then find the next opportunity… caring for employees is way done on the priority list
No one could have done this interview better than Kelly. Periodt.
BE THE CHANGE YOU WANT TO SEE IN THIS WORLD..
Dan Price is making America great today!!!!
What an amazing human being....
I adore how Kelly is having a full conversation with each person and only gets to the personal part about Dan Price at the end!!! She’s a genuinely phenomenal person and focuses on other outstanding humans!!! Dan Price is such an outstanding person and more business need to follow his lead and mindset. If you invest in your team, the investment will grow. It’s that simple. I hope Kelly has him on often & he can update the world on how Gravity is doing!!!
Facade
This is how leadership should be. I hope his company grow bigger
Lol it is i read his recent news that his company is making x3 money
It continues too grow and be successful and if I am correct this year they all got raises.
Every boss should look that proud at their employees and support them...
I work for a fortune 200 company. Revenue for 3rd quarter was slightly under 4 BILLION and we got a $25 visa gift card to split for Thanksgiving & Christmas. $12.50 for each holiday.
tlopes That’s 💩
That's disgusting!
Here is a guy that has seen through the fog. Taking care about the employees generate better results for the company. Period! A problem is when the company grows large; someone may employ somebody bad for the job; or there may not be good enough recruits to hire. What would you do then?
Either way, I believe Dan made the right decisions for *his* company and I believe there are thousands of employers out there that should rethink their practices. If anyone of their crew does a great job, how to keep them with you? And how to make them do even better?
I believe here is the big problem for many employers, they cannot differ their own short-term from their long-term profit. Healthy employees give better ROI over time. Unhealthy employees may give better ROI short-term but LOTS of more headaches to fix the sickness-roll, those who exit, etc., and in the end ruining the business. Which is calling the curse down in themselves, right?
Right
Angel, giving more without expectations, THAT brought him more blessings.
Amen
As someone who works for a billion dollar company, we could improve by learning a thing or two from this guy. 👏 👏
My employer could care less about his employees struggle. They get their big money and house and cars. While we fight debt trying to raise a family.
Debt is a choice, but yes employers can do more to help but it’s also the choices we make such as going into credit card debt/student loan debt which are optional not mandatory, it’s both, whats not a choice is where we are born and the cost of living.
@@chrisg4997 Credit card debt isn't really that black or white. To buy a house or a car, you need good credit and credit cards are one of the only ways to do it properly (and guess what? You need a home to get employed and a car to get to that job). Majority of debt is also medical expenses that so few family can afford (most don't even have 500 dollars to save at any given point now).
Most people will put wants over their needs most of the time and that’s what gets them in trouble for example (one of my friends bought new speakers instead of paying rent which I let him borrow money and he later paid back because he would’ve been evicted), and with the houses and cars that’s reasonable but less the cars because you can buy used but people want the latest and best cars and do a 5 year payment plan instead of getting used and pay it within the year. If you can’t afford something don’t buy it unless it’s a car but you can buy used to minimize, and if you can’t afford a house, you can rent.
@@xdarthnessx613 and the medical expenses is very understandable, this country has horrible healthcare, 10-20 grand just for a visit to the hospital...
@@xdarthnessx613 well nearly everyone is hiring now, but no one wants to work. They’re paying people more for unemployment right now than to work so they should be able to save because they make more than their last job unless they created more bills for themselves.
This is unbelievable! Please.. this man is in another level
That's why Kelly was freaking out that he's not married. He's another level of husband material! I can't wait to see ber have him on their blind date show. I hope.
Shady Khechen , that is unequivocal PROOF of having a conscience, empathy and A SOUL....which is RARE in these days. I refer to his state of being as complete enlightenment 🌹
A good capitalist. America needs more like him. In the land of obnoxious people he is like Sunshine. More power to him
All CEO's need to watch this, what a Saint.
I love this CEO.....his parents must be so so proud of him. God bless you Dan....I am old but I do have a daughter or son available. 😅😅💖 jokes aside I hope he draws to him someone with as a good a heart as his. You have got to be an incredible human to take a pay cut to benefit others..reminds me of Chadwick Boseman who took a paycut so Sienna Miller could get what she asked for 21 Bridges. He told her she deserved it...Great movie by the way...
Now the majority of CEOs for major companies like Amazon need to do the same.
Tina Thompson 🤔 I can’t say all they “need” to do the same. When I’m a CEO of my future company I don’t want someone coming in and ordering/guilting me to be thoughtful and generous exactly as in this situation. thankful he initiated this on his own with what he felt moved to do, making it genuine and ultimately amplifying the benefits. It’s truly an example would love to see copied 100 fold. ☺️
There's a big difference between a small company like Gravity Payments that employs ~150 people and has two owners and a company like Amazon that employs 750.000 people and is board controlled with thousands of owners. It's easy for Dan Price to make these changes because he's solely in charge of a much smaller corporate eco-system.
@@CriticalRoleHighlights Amazon can certainly do it. So if Amazon employs 750,000 people and they paid all of 30 employees it comes out to 37 billion dollars. Amazon made 69 billion in 2019. Pretty sure they could afford it.
@@CriticalRoleHighlights Well, if we're talking about the population of the company, we certainly have to take into consideration the proportional profit of the company as well which would answer your question of distribution of the fair minimum wage problem. Plus Amazon is known for it's notorious status when it comes to the minimum wage issue.
@@9teeneighty4 honestly the payrate doesn't have to be that high.
Wow!!!! This totally brought me to tears on how there are still good people in this world💜💜
This is what helping and loving your fellow human being looks like!!! Thank you Dan Price for showing the world that we can help one another out and not just with lip service.
it’s crazy that it’s so “unreal” to Kelly and others. Imagine every employer had a heart like this. i’m inspired by this guy. 💓
What a beautiful soul, I hope it all comes back to him X 10
You're right Kelly, there isn't more like him
And we DO need thousands more like him. Please!!!
Dan Price is priceless inside & out.
I could not imagine working for him or even grabbing a beer and hanging out, such a great spirit !
This show is good. I hope it doesn't get Hollywoodised
PapaKryptoss Kelly Clarkson hasn’t let fame and fortune change her. She’s still a great person in spite of it. So I’m thinking that this show will always be great like her since it’s a reflection of who she is.
The Official Andy Saenz hopefully the producers of the show will give her a say in how the show will run even as it gets more popular.
I don't know if Kelly could be Hollywoodised. She is from Texas and we have a tendency to just be who we are and damn the consequences. ;) haha LOVE HER!
PapaKryptoss I have loved Kelly since American idol. I got arrested like 15 years ago on the night of her concert and I didn’t get out till too late (which was ironically all entirely on purpose, IMAGINE being so hateful?! Could never be me🤕😪) and I’m still not over the fact that I missed seeing her live lolol now I Wanna go to the show she’ll always have a place in my heart she’s so kind hearted and sweet😭🥰
This needs to happen everywhere 🙏🏻 what a wonderful man ❤️ x x
I love that Kelly had Dan Price on her show. He’s such an amazing guy. I wish more CEOs would follow his example. We need more people like Dan in the world, and it’s so wonderful that he’s getting more positive attention! When he first announced the $70k minimum, many biz owners and CEOs were bashing him. He exemplifies a true leader!
Love and light. Thank you for sharing.
Imagine if everyone in the world had the same compassion as this guy ❤
What a loving compassionate man Dan is!! God Bless him
Dan Price's generosity is what I strive for someday when I am able.
Please keep serving us this kind of content for your show Kelly! What makes it different with your show is how you react to these kind of inspiring stories. You genuinely care about the guests and what they're going through. Love you for that. 😘
The World needs more people like Mr Price,
Kelly's not wrong. I would totally scoop him up 😍🤩🤣
Gerardo Torres I knoooooow, right?!!! So cute! Also, I love how Kelly was hedging and said “every woman and gay man” just in case. The guy gave me a little ambiguous vibe so who knows.
@@ozzitor8 Right?! Like when she said "straight women" I'm just like woah woah, I'm not straight nor a woman hahaha
He is very handsome! 😍😍😍😍
Dan is an amazing human! Any person would be blessed to have him in their life. Prayers and good vibes sent to him and his loved ones! 🙏🧡✌
That’s a great CEO. It would be great if more CEO thought like him. Keep up the great work your doing.
Kelly TY for having this Great Person on your show, here is a message for him. You are such a Wonderful, Considerate and Unself-fish Human Being for doing what you did for your employees I really admire you. Wish there were more people like you in this world for we really need them. Have you ever considered bringing your Company to Puerto Rico, we need jobs desperately and with someone like you, you can really make a big difference. You are a very SPECIAL PERSON with VALUES and VERY INSPIRING, hope I can meet you someday. Take Care and may God Bless You Always.
Kelly your show rocks, why did we have to wait so long??? Dan Price needs to have a motivational program to teach others what it takes to be a real human n a great boss
Every time I see this man in a video or on TV, I feel like I want to give him a hug and thank him....and I don't even know him personally!
God has blessed the world with all the Human Beings like Dan - Thank You God and thank you Dan!
Amen
Amen
Understanding your employees...knowing your employees...is so important. Thank you Mr. Price! This is a lovely story to start my day with today!
More blessings coming your way my friend, putting peoples first is the key of successful business.
This is truly amazing! Totally unselfish!
This is truly beautiful and truly amazing. He is a blessing to many
The ONLY CEO I respect! The beacon of light i never thought I would see in my lifetime.
This is what we should be reaching for, raising every working person up to a sustainable level no matter the industry.
The fact that this is an unreal story that blows people's minds, i.e. an employer paying their employee a living wage for working 40 hours a week, is the gods damn, unreal, mind blowing part!!
#GeneralStrike Now 🗽✊🏼✊🏽✊🏿✊🏻✊🏾🗽
Oh my god he’s gorgeous he’s sensitive and he cares about others what did his mama do to raise him like that and could she please write a book. What an amazing man I just can’t say it enough
I am crying 😭 I feel so happy for him , and his employees 💯 God Bless Him 🙏🏽
Dan Price is a wonderful young man, may GOD continue to bless him, his family and everyone who loves him.
Kelly if you love him please invite Andrew Yang to your show his vision for our country are exactly what Mr Price is saying, infact if I am not mistaking he endorses Andrew Yang.
Wow! what an amazing guy helping all his employees and at the same time helping his own company’s business. And God bless him and his employees. From London 🙏🏽🙏🏽🙏🏽💖👏
I love this man. Totally selfless. What a kind spirit
This guy is what all dreams are made of. He has a good heart and soul. I wish I was working for a CEO like this.
All the talk about "unintended consequences" reminds so much of the show "The Good Place."
This man is definitely going straight there.
Dan Price is my new hero. What an exceptional man with great staff. Wish there were more people of his character in the world.
Thank you for being an amazing role model to humanity
I can't say it enough, so I'm gonna say it again, I loooooove you Kelly!
Went to high school with him!
Was he this generous then ?
Just watched another video of the workers being interviewed they said when the economy took a nosedive they all volunteered to have wage cuts some back to their original wage but when the economy recovered not only did this man put them back on 70 thousand but repaid all the money they lost by taking the wage cut. Such a great story and it proves that because of what he did his workforce are willing to back him when times get hard. Salute to him and his workforce
This is how our family business is run with all of our employees having been with us over 10 years. Extremely blessed to be a part of an environment like that.
Yes, more CEO's need to follow his lead. I love it and may God bless his company and him. No one have to pick between eating and paying bills.
Awww this is such an awesome story ❤️
What a kick ass guy!
World needs more people like that!
Learning to love yourself exposes you to better opportunities.
God bless your heart Dan! Keeping your good workers will help you make the money you’ve sacrificed back! The good will return back to you for your kindness! I wish my company CEO can learn from your example !
I love this boss!!! He's a wonderful human!
This is the type of business owner I would strive to be! Bless you Dan!
Dan is truly an amazing man, thank you so much for everything you have done for your employees. More CEO'S need to be more like you. God Bless you!
Impressive and I hope this reaches more and more people. Change is to come I promise!
He is amazing !!! Other companies should follow in this man's footstep !! Bless him and all the good he has done for his employees !! So jealous as i work for a multi billion dollar company whom doesn't appreciate their employee's even though they declare the opposite
All CEOs should be this awesome 😊
My goodness ! Keep your employees happy and they will produce . I want to work for that company. Blessings to you!!
Wow! I commend you CEO Dan Price! You’re a hero for the employees! How I wish all CEOs are like you. God bless you more!
This is a very inspiring story.
Imagine if USA gave living wage to everyone, especially hospitality where tips drive a wage, people could all afford a decent life, if only greed didn't get in the way with people at top earning ridiculous amounts at the expense of others, this man is a national treasure
When has being given something ever translated to a higher outcome.Give a man a fish......
We need a better system than 1% having more than they will ever need in life and those who never can make enough to even have a life . Putting more money into the pockets of the minimum wage workers would do wonders for the overall economy of every town ,city, village in the USA by putting that cash into circulation . The trillions that were given in the tax cuts that trump implemented didn’t trickle down into the economy , it was put into stasis through stock buybacks , bonuses , ( HUGE ones for the ceos , measly ones for the workers ). If those trillions in tax cuts had been for the 99% the majority of it would have been spent on consumer goods and services , home buying , start up businesses , etc......instead of being locked up and doing NOTHING for our economy .It’s common sense
I'm so touched, I'm crying and I'm not ashamed!
Amazing boss. The better you treat your employees the more they will do to make your business a success.
That's awesome!!
wow. this is amazing.
Thank you kindness is the most beautiful thing in the world made me cry such people exist
Great job man. Keep up the phenomenal work.