economy
February 18, 2026
Sold His House to Share Salaries: The Story of a Hero Director Took an Unusual Turn!
As a sign of gratitude for his sacrifice and the vision he implemented, employees decided to gift him a Tesla car.
TL;DR
- CEO Dan Price reduced his salary by $1 million to give employees a $70,000 minimum annual wage.
- The company's workforce tripled, and employee turnover was cut in half.
- Price made significant lifestyle changes, selling a second home and cutting expenses.
- Employee loyalty and expertise increased, contributing to company revenue growth.
- During the pandemic, employees voluntarily took pay cuts and later gifted Price a Tesla.
- The average CEO salary is 320 times higher than the average worker's salary.
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