Kelly’s Korner – CEO Gives All Employees $70,000 Salaries [VIDEO]

DID THIS REALLY HAPPEN?

Can you imagine going to work one day, and finding out that your boss is going to raise your salary by thousands of dollars? Can you imagine making $30,000 a year, and the next day your boss says he's going to raise it to $70,000? You'd think it was an April Fools Day prank, right? Not for Dan Price and Gravity Payments!

YES HE DID!

Dan Price, CEO of Gravity Payments, made a very special announcement to his employees that shocked everyone. Mr. Price decided to take a major pay cut, so that within three years, all of Gravity Payments employees will be making a minimum salary of $70,000 a year. How did he do it?  Dan reduced his pay to fund the pay raise for his employees. Watch the video as Mr. Price explains his reasoning for the big move. Do you think this will build loyalty within the company?

CBS Evening News/Youtube