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It’s Not Easy: The Challenge of Paying Employees a $70,000 Minimum Salary(0)

August 3, 2015

Gravity Payments CEO Dan Price made headlines four months ago when he announced that his Seattle-based credit card payment processing startup was raising employees’ minimum annual salary to $70,000. Columnist Gael O’Brien says the ensuing maelstrom offers insights into resistance, the need for new work paradigms and how leaders give voice to convictions.

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Feds Want to Run Flimsy Motorcycle Helmets Off the Road

After years of inaction, federal regulators are trying to crack down on the use of cheap novelty helmets linked to thousands of motorcycle crash deaths and injuries in recent years.

Report: ‘Unethical Behavior’ Continues to Plague Financial Services Industry

A new survey of the U.S. and U.K. financial services industry finds that the upswing in financial markets in the wake of the global recession hasn’t done much to improve public perceptions of leading financial institutions – mainly because the underlying behavior of those working in the industry has worsened over the years.

Housing Enforcement Group Sues M&T Bank for Discrimination

One of the nation’s largest banks discriminates against black, Latino and Asian homebuyers by offering lesser qualified white borrowers higher loan amounts and using hidden racial criteria in one of its loan programs, according to a lawsuit filed this week in federal court in Manhattan. The suit also accuses the bank of steering homebuyers to certain neighborhoods based on their race or ethnicity.


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