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Dan Price Should Be Time Magazines Man Of The Year

|Includes: Meredith Corporation (MDP)

WestSeattle boss raises entire company's minimum wage to $70,000

Published April 14, 2015

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After hearing about a study that claimed income-- to a certain level-- directly affects one's emotional well-being, the founder of a Seattle-based credit card processing company announced Monday that he will take a large salary cut so he can increase the pay for each employee to at least $70,000 a year.

The New York Times reported that Dan Price, the head of Gravity Payments, told his 120-person staff about the plan after talking to friends about the difficulties of making $40,000 a year.

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