This Company Caps CEO Pay Depending on How Much Its Lowest-Paid Employee Makes
Dr. Bronner’s estimates that a bottle of its soap is sold every two seconds — but the 150-year-old, family-owned business stands for more than just the products it puts on the shelves.
A social media post from Dr. Bronner’s last week revealed an internal aspect of its business: the soapmaker limits the salary of its highest-paid executives to five times the lowest-paid, fully vested employee. (Fully vested means someone who is full-time and has been with the company for at least five years.)
“An ethical company should pay a fair salary and good benefits and enable people to make ends meet on the wages they receive,” CEO David Bronner said,