Dan Price

Leading During Crisis

In this special episode of The Complete Leader podcast, Leadership Advisor and Author Ron Price interviews his son, Dan Price, CEO of Gravity Payments about leading during crisis, specifically what he and his company have done during COVID-19. Dan discussed the ways Gravity Payments is helping small businesses use technology to keep their doors open, even through stay-at-home orders and social distancing. He explains why he listened to ideas from over 200 employees to make a plan to keep Gravity Payments moving forward.

Dan Price on Being Authentic and Providing Opportunities for Your Team

Dan Price, founder and CEO, Gravity Payments

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.

Defining Moments in Leadership—Dan Price’s Minimum Wage 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.