Bill Radke speaks with Karen Weise, a reporter for Bloomberg Businessweek, about Dan Price, CEO of Gravity Payments in Seattle. Price rose to fame after raising the minimum wage at his company to $70,000. But Weise says he created an image of altruism while downplaying some inconvenient facts.
That Famous $70K Raise May Have Had An Ulterior Motive
![Cary Chin works at the front desk of Seattle-based Gravity Payments. CEO Dan Price told his employees that he was cutting his own salary and using company profits so they would each earn a base salary of $70,000.](https://npr.brightspotcdn.com/dims4/default/c8f7df2/2147483647/strip/true/crop/4992x3252+0+0/resize/880x573!/quality/90/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2Flegacy%2Fsites%2Fkuow%2Ffiles%2F201504%2Fgravitypayments_ap_ted_warren.jpg)
AP Photo/Ted S. Warren