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.
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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.
Credit: AP Photo/Ted S. Warren

Civil trial begins for Dan Price, Seattle CEO who raised minimum salaries to $70K

Kim Malcolm talks with Puget Sound Business Journal editor-in-chief Emily Parkhurst about Dan Price, CEO of Ballard-based Gravity Payments. In 2015, Price announced he would raise the minimum salaries of all of his employees to $70,000. Price is now being sued by his brother Lucas Price, a minority shareholder in the company.