Dive back in and hear from the purpose-driven CEOs we highlighted in Season 1 of the Beyond Capital Podcast. Your host Eva Yazhari was inspired by Dan's story, and wrote about his work at Gravity Payments in her new book, The Good Your Money Can Do.
Show Notes
Dive back in and hear from the purpose-driven CEOs we highlighted in Season 1 of the Beyond Capital Podcast. Your host Eva Yazhari was inspired by Dan's story, and wrote about his work at Gravity Payments in her new book, The Good Your Money Can Do.
Click here to learn more and get your copy.
Hear from Dan Price, CEO of
Gravity Payments. Many people know him for his decision to give up most of his own salary so that everyone at his company would make a minimum wage of $70,000. Gravity Payments is a credit card and payment processing company catering to small businesses. Dan is publishing a book,
"Worth It," about his experiences.
Despite productivity in the United States rising by 70% over the last 40 years, the hourly pay of most workers has stagnated, increasing only 11.6% over that same time period. The median household annual income today is approximately $55,000 (pre-Covid-19).
"Small businesses unquestionably make our lives better, make our communities better," says Dan. "When I announced I was taking a $1 million pay cut to pay everyone $70,000 a year, the situation was that I was now in a community where everybody could meet their needs. And Gravity Payments became more about the people and the principles behind the company."
What is The Beyond Capital Podcast?
Tune into the Beyond Capital Podcast to discover how the C-Suite thinks about social impact as a business grows. Learn about how social values and causes integrate into a company's operations, product, culture - and ultimately - its success.
Eva and Ed have built, scaled and sold companies worth millions. We are active early-stage investors with more than 20 current investments. We sit on private and public-company boards, and we believe strongly in business as a force for good.
From the CEO of a company serving two and a half million healthy school meals a week to one of the world’s first and most successful recycling entrepreneurs, in each episode our candid conversations show how and why profit can be married with purpose. Inspiring leaders will articulate their philosophies and share the mark their business will leave on the world. You will be inspired by these stories to explore your own possibilities for social impact because money and meaning can co-exist!