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b'I\'m very honored and elated\\xa0to welcome today\'s guest, Dan Price. He is the man of the moment. I\'m sure you\'ve read about him and his incredible decision. As the founder and CEO of Gravity Payments, a credit card processing firm, he recently announced raising his company minimum wage to $70,000 per year and himself taking a $930,000 pay cut \\xb7 from 1 MM to $70K. \\xa0 Dan is not your typical CEO. His leadership has earned him multiple awards, including the 2014 Seattle Business CEO Excellence Award, 2013 Entrepreneur Magazine\\xb7s Entrepreneur Of 2014 and 2010 SBA National Young Entrepreneur Of The Year Award! He was also featured in countless media, including Forbes, Business Week, and CNBC, among others. Dan started his company almost a decade ago when he was 19 years old out of his dorm room at the Seattle Pacific University with the seed money from his brother. \\xa0 Three takeaways from our interview: \\xb7What he says to some skeptics that his pay raise is short-sighted and won\\xb7t necessarily lead to more productivity. \\xa0\\xb7How this salary shift will impact Dan\\xb7s life\\xb7remember his salary is going from 1MM to $70k.\\xa0

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