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It looks like my colleague Jazz Shaw first wrote about Dan Price back in August of 2015. Price is the Seattle CEO Gravity Payments who made a lot of news when he announced he’d be paying his employees a minimum of $70,000 each and cut his own salary from just over a million dollars a year to $70,000.Dan became a mini-celebrity for these efforts. Esquire called him a “folk hero for the age of inequality.” In a separate story published in 2016, Esquire reported that Price’s background and motive weren’t as pure as it may have appeared.In a TEDx Talk...

Dan Price, Gravity Payments’ CEO who has drawn national attention to company-wide wage discrepancies by raising his employees’ minimum salaries to $70,000, has been charged with two counts of fourth-degree assault and one count of reckless driving in Seattle Municipal Court. The charges stem from an alleged assault with sexual motivation. Price is also being investigated for “felony rape of a drugged victim” charges stemming from a Palm Springs incident in April of 2021, according to a Palm Springs Police Department report. That case will be referred to the Riverside County District Attorney’s Office “in the near future,” a spokesperson...

Back in October we checked in on Dan Price, the CEO of Gravity Payments who gave all of his workers a raise to a minimum wage of $70K per year. Things weren’t going so well for Dan, as he had slashed his own salary, lost some clients and was feeling that the future was uncertain. The one thing we did know for sure was that Mr. Price was a hero to opponents of income inequality and a supporters of a higher minimum wage. (Much, much higher in this case.) It was a noble action intended to help people do...

He hit headlines earlier this year for declaring every one of his 120 employees would earn a minimum wage of $70,000. But now Dan Price - CEO of Seattle-based credit card processing firm Gravity Payments, who lowered his $1 million salary to better compensate employees - has fallen on hard times as a result of his bold move. However the 31-year-old, who is renting out his house to keep the salary increases going, refuses to give up. 'I'm working as hard as I ever worked to make it work,' he told The New York Times. 'I haven’t made this little...

They say what goes around comes around. In this case, ignore the basic laws of economics and human nature, and you’ll soon find yourself living in a van down by the river. That looks to be in the very near future for one liberal CEO who insisted on making a political statement about the minimum wage, rather than looking after the best interests of his employees and company. We predicted this would happen. But then again, conservatives tend to understand basic economics better than your typical liberal nutcase.

When Dan Price, CEO of the Seattle-based credit card payment processing firm Gravity Payments, announced he was raising the company's minimum salary to $70,000 a year, he was met with overwhelming enthusiasm. But in the weeks since then, it's become clear that not everyone is equally pleased. Among the critics? Some of Price's own employees. Two of the company's "most valued" members have left the company, "spurred in part by their view that it was unfair to double the pay of some new hires while the longest-serving staff members got small or no raises." Maisey McMaster — once a big...

In a jaw-dropping move Monday afternoon, Dan Price, the 30-year-old founder of Gravity Payments, a credit card processing company in Seattle, Washington, announced to his 120-person staff that over the next three years, every single employee — even the lowest paid clerk — will be paid a minimum annual salary of $70,000. And he wasn't joking. "My jaw just dropped," Phillip Akhavan, 29, who earns $43,000 working on the company's merchant relations team, said in an interview with The New York Times. "This is going to make a difference to everyone around me." The announcement stunned the staff and triggered...

And its founder is taking a big pay cut to make it happen Credit card processor Gravity Payments is making its minimum wage $70,000 a year, the New York Times reports. Founder Dan Price recnetly announced the ambitious plan to a room of about 120 staffers. The raises will take place over the next three years, with about 70 Gravity employees set to see fatter paychecks because of the new policy. Price himself is taking a pay cut from about $1 million to $70,000 to help make it happen. The reason: He read an article that more money for people...