Dan Price is the CEO of Gravity Payments, a private credit card payment processing company in Seattle with about 120 employees — the average salary of each is about $48,000 a year — and on Monday afternoon, he called a meeting to announce something wonderful: that he's raising the minimum wage of every single employee's salary to $70,000 a year.
Here's the happy Gravity Payments team:
Image: Gravity Payments
Can you imagine your boss announcing you just got a $22,000-a-year raise? That's a total game changer.
"Is anyone else freaking out right now?" he asked after his stunned staff had a chance to let the news sink in. "I'm kind of freaking out."
How does he plan to find the money to pay for the raises? Get this: Price is cutting his own $1 million salary to $70,000 a year.
Is it getting warm in here? Can this guy be for real?
Image: Dan Price via LinkedIn
As if Dan — I think he would want me to call him Dan — isn't already a dreamboat of Robin Hood proportions, he appears to lack any pretense. He drives a 12-year-old Audi that he reportedly got in exchange for doing work for the dealer, and he told The New York Times his only real splurges are bar bills and snowboarding.
Price says he recently read an article on what it takes for people to be happy, and it said research shows that employees who earn at least $70,000 are much happier than those who earn below. Then he started talking to his friends about how tough it is to make ends meet on less.
"They were walking me through the math of making 40 grand a year," he said. It's not easy, and that's without anything extra for emergencies. "I hear that every single week. That just eats at me inside."
And so, I present to you the real sexiest man alive — one who has brains, beauty and a big, beautiful conscience to go with it. Here's hoping other CEOs are taking notes.
Also, does anyone know anything about Dan Price? We can't find his age, his relationship status or anything. We're not stalking him — it's for journalism. Share!
And you'll see personalized content just for you whenever you click the My Feed .
SheKnows is making some changes!