article_snippet.sent: The policy will raise the wages for 70 of the company's workers - more than half the staff.
article_snippet.sent: the New York Times was present at Price's announcement.
article_snippet.sent: Price is slashing him own salary by 93percent - more depending on what portion of the company's profits him was planning to take home.
article_snippet.sent: Price said told the New York Times the New York Times him was motivated to make the radical change after reading a study about how much pay raises increase happiness for people making less than $70,000 a year.
article_snippet.sent: : Price said the move will eat up 93percent of him current salary and 80percent of him annual profits . '
article_snippet.sent: the move comes at a time when CEO pay is 300 times the average employee pay at large companies - among the highest level of inequality in history.
article_snippet.sent: Price claims he's a man of few vices.
highlights_snippet.sent: The move, in the next three years, will also require Price to plow up to 80percent of his firm's $2.2million profits back into salaries .
  