CEO who set $70,000 minimum salary forced to rent out his home after his business ran into trouble

The chief executive of a credit card company is counting the cost of his decision to set a minimum wage of US$70,000 for all his 120 employees. Dan Price, who slashed his annual US$1-million pay package to help fund his altruistic gesture and was hailed as the “world’s nicest boss,” has been forced to rent out his own home to make ends meet.
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