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Gravity Payments: $70,000 Minimum Salary Company
Won-Yong Oh; Youngkyun ChangCase IVEY-9B16C001-EEntrepreneurship, Leadership and People ManagementIn April 2015, Dan Price, chief executive officer and founder of Gravity Payments, a private credit card processing and financial services company, announced that every employee would receive a minimum annual salary of US$70,000 over the next three years. Price said he was concerned about the increasing pay gap in the United States and news of his bold move went viral, causing debate over employee compensation plans and the wealth gap in society....Starting at €8.20
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Raintree Resorts International: Envisioning Unique Adventures
Gary Carini; Douglas Y. BechCase IVEY-9B17M183-ELeadership and People Management, StrategyIn early 2017, the chief executive officer (CEO) of Raintree Resorts International, Inc. was contemplating the next moves for the timeshare company he had founded in 1997. He and his team had focused their attention on creating and developing properties in the world’s top destinations. The CEO felt privileged to have built the best vacation destinations for people, but the company was at a turning point. He was intrigued by disrupters in the broa...Starting at €8.20