Dan Price

At the beginning of April, Dan Price, founder and CEO of Gravity Payments in Seattle, announced that he was raising the minimum salary at his 120-person payment processing company to $70,000. Most of the money for these raises will come from cutting Dan’s salary from $1 million to $70,000 per year as well. The rest will come out of the $2.2 million the company expects to earn in profit this year.

We sat down with Dan to see what has happened in the last month since his announcement.

By now you have probably seen some of the media coverage that followed my son Dan Price’s decision to realign the compensation practices at his company, Gravity Payments, and the unexpected response it has received around the world.  It has been impossible to track all of the media outlets that have broadcast or published his story this past week.