Inspiring News Stories
Excerpts of Highly Inspiring News Stories in Major Media
Below are one-paragraph excerpts of highly inspiring news stories from the major media. Links are provided to the original stories on their media websites. If any link fails to function, click here. The inspiring news story summaries most recently posted here are listed first. You can explore the same list with the most inspiring stories listed first. See also a concise list providing headlines and links to a number of highly inspiring stories. May these articles inspire us to find ever more ways to love and support each other and all around us to be the very best we can be.
The CEO of a credit-card payments company in Seattle said executive pay is "out of whack," so he's cutting his own pay and creating a minimum salary for his workers. Now, he will be earning $70,000 like many of them, and he's OK with it. Dan Price, 30, announced this week that any employee at his company, Gravity Payments, making less than $70,000 annually will receive a $5,000-per-year raise or be paid a minimum of $50,000, whichever is greater. The aim: By December 2017, everyone will earn $70,000 or more. To facilitate this change, Price said his salary will decrease to $70,000 from about $1 million. "My salary wasn't $1 million because I need that much to live, but that's what it would cost to replace me as a CEO," Price told ABC News. Price started the company in 2004 when he was only 19 years old, [when] the cost of living in Seattle was much lower than it is today. When Gravity launched, the company paid $24,000 per year even for senior positions. Today, the company, which pays an average salary of $48,000, has 120 employees. 70 of their paychecks will grow with this plan. "I may have to scale back a little bit, but nothing I’m not willing to do." Price chose the $70,000 figure based on a 2010 Princeton University study that showed happiness, or "life evaluation," is positively impacted up to $70,000 or $75,000 per year; but increases above that figure did not have a significant positive effect on happiness.
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