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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.
AP Photo/Ted S. Warren
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Cary Chin works at the front desk of Seattle-based Gravity Payments. CEO Dan Price told his employees earlier this year that he was cutting his own salary and using company profits so they would each earn a base salary of $70,000.

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. 

Year started with KUOW: 2004
Year started with KUOW: 1985 – 1986, 1991 – 2004, 2012