Seattle-based credit card company Gravity Payments CEO Dan Price made national headlines when he announced he was raising the minimum salary at his company to $70,000 a year at the expense of his own salary. He recently discussed how he came to the decision and his new understanding of what it means to be successful. So reports Today.
By this point in the 21st century, many employers have left their employees on their own when it comes to managing their retirement and savings. Now, some big companies apparently feel a tinge of guilt for switching defined-benefit pensions to mainly self-managed defined-contribution plans. Or else they’re just realizing that better financial planning makes for a more contented work force. So reports Forbes.
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