Gravity Payments and CEO Dan Price made the headlines over three months ago after an announcement was released within the company, stating that the minimum wage for its 120-member staff will be raised to a staggering $70,000 within a three-year period. Not only the company staff but the whole world took notice and cited the move as humane and revolutionary.
Firm Management
Abercrombie & Fitch ends 'on-call' shift in all of its outlets in the U.S. starting September
Abercrombie & Fitch confirmed it would end on-call scheduling to its employees on September in response to New York Attorney General Eric Schneiderman's letter regarding the 'illegal' irregular work shift.
McDonald's pulls off another trick: Table service in U.S. and U.K. outlets
McDonald's is reinventing its dining service in one of its restaurants in England and other areas of America. They're providing tablets and kiosk for taking orders, and the meal will be served to customers' table.
Intel ups bonus for referring women and minorities in a bid for workforce diversity
Chipmaker giant announced that they will offer double their regular referral bonus to employees who will refer people of color, veterans, and women to their company. The move is said to be alongside Intel's goal to achieve more diversity in the company.
From radio to TV, Spotify's content chief Ken Parks joins Pluto TV
Internet television startup service Pluto TV has announced that Ken Parks, former content chief of the streaming music service Spotify, is joining the company as executive chairman in October of this year.
Latest News
Nestle India Ltd will focus on growing its dairy, coffee and confectionary businesses, its new boss said, as the company battles to bring back its popular Maggi noodles that were pulled from shelves over safety concerns.
Barclays Plc (BARC.L) is cutting about 150 staff from its investment bank as part of the British bank's attempt to cut costs and improve profitability in the business, a person familiar with the matter said.
Crowdsourced business review site Yelp took a double whammy as its chairman filed his resignation after the company's stock plunged 28 per cent for the second quarter of 2015.
Nevsat Aydin, the co-founder and CEO of Yemeksepeti, an online delivery website in Turkey, shared $27M of revenue to its 114 employees after Delivery Hero acquired the company in May.
Ending the long wait, Procter & Gamble Co's (P&G) senior official David Taylor is set to become the new Chief Executive Officer (CEO) replacing A.G. Lafley. The new appointment is expected to be announced on Thursday.
Bank of America has restructured its top managerial positions. The latest major shuffle witnessed the departure of the bank's CFO Bruce Thompson and retirement of executive David Darnell, who has been with the bank for over 35 years and will retire in the fourth quarter as vice-chairman.
Chipmaker Qualcomm Inc (QCOM.O) said it may break itself up as it delivered its third profit warning this year and announced plans to slash jobs and spending in the face of rising competition.
Evernote has a new chief executive officer. This was announced by Phil Libin, co-founder and longtime CEO of the productivity and note-taking app.
After suffering from a series of "missteps," Reddit and its newly appointed CEO Steve Huffman are dead serious in changing its content rules by banning discussions involving illegal materials, sexual content featuring children, confidential information, private information from individuals, and more.
