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  • CEO who set his firm's minimum wage to $70K hits hard times

    08/02/2015 11:51:39 AM PDT · by rickmichaels · 30 replies
    Daily Mail ^ | August 2, 2015 | DailyMail.com Reporter
    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...