Friday, July 31, 2015

$70,000 Annual Salary Aftermath Hits Gravity Payments

Dan Price, the CEO of Seattle's Gravity Payments, didn't expect the huge response and backlash from his firm's move to put a $70,000 salary minimum in place at his startup. The New York Times profiles Dan's controversial move, and talks about how it's affected clients, employees, and the local community--including renting out his own house, to help cover his own expenses after drastically cutting his own salary.