Dan Price

About that rich young Seattle millionaire: Wasn't there some Bible in there somewhere?

Remember the rich young entrepreneur in Seattle who took a drastic pay cut so that all his employees could make at least $70K and then buy houses and start families and things like that?

Odds are good that you do. Now, do you remember how a ton of media outlets did stories on this guy and nearly all of them somehow never got around to mentioning that this benevolent entrepreneur is an evangelical Christian?

Well the pros at BBC just did an update on the man that was thorough and entertaining. But guess what part of the story the Beeb team barely mentioned?

In 2015, the boss of a card payments company in Seattle introduced a $70,000 minimum salary for all of his 120 staff — and personally took a pay cut of $1m. Five years later he's still on the minimum salary, and says the gamble has paid off…

Raised in deeply Christian, rural Idaho, Dan Price is upbeat and positive, generous in his praise of others and impeccably polite, but he has become a crusader against inequality in the US.

"People are starving or being laid off or being taken advantage of, so that somebody can have a penthouse at the top of a tower in New York with gold chairs.

"We're glorifying greed all the time as a society, in our culture. And, you know, the Forbes list is the worst example — 'Bill Gates has passed Jeff Bezos as the richest man.' Who cares!?"

It would help if this BBC reporter looked at a map.

Price attended a Christian high school in Nampa, Idaho, which is right on I-84. It’s right next to Boise and hardly a rural outpost like, say, places like Caldwell, Sandpoint or Stanley.


Please respect our Commenting Policy

Ghostbusters: Solving faith mystery of CEO who cut his $1 million salary to pay employees more

Back in April, we spotted a holy ghost in the coverage of a Seattle CEO.

As you may recall, Gravity Payments founder Dan Price cut his own $1 million salary to pay all his employees at least $70,000 a year.

That post asked:

Could Price's weirdness have something to do with his Christian faith, if, as I am assuming, he is a Christian? A blurb on Seattle Pacific's website says one of the books that influenced him was"Rich Christians in an Age of Hunger."
My quick Googling didn't turn up any news reports that mention Price's religion. Nonetheless, I can't help but think a holy ghost might be haunting this story.

Three-plus months later, a GetReligion reader points us to an update from the New York Times.

Thank you for the tip, Christopher!

I must agree: This in-depth piece does a nice job of solving the faith mystery.


Please respect our Commenting Policy

CEO cuts his $1 million salary to pay all employees at least $70,000 — is media missing religion angle?

You may have heard about the Seattle CEO who cut his own $1 million salary to pay all his employees at least $70,000 a year.

In case you missed it, here's how The New York Times reported the news last week:

The idea began percolating, said Dan Price, the founder of Gravity Payments, after he read an article on happiness. It showed that, for people who earn less than about $70,000, extra money makes a big difference in their lives.
His idea bubbled into reality on Monday afternoon, when Mr. Price surprised his 120-person staff by announcing that he planned over the next three years to raise the salary of even the lowest-paid clerk, customer service representative and salesman to a minimum of $70,000.
“Is anyone else freaking out right now?” Mr. Price asked after the clapping and whooping died down into a few moments of stunned silence. “I’m kind of freaking out.”
If it’s a publicity stunt, it’s a costly one. Mr. Price, who started the Seattle-based credit-card payment processing firm in 2004 at the age of 19, said he would pay for the wage increases by cutting his own salary from nearly $1 million to $70,000 and using 75 to 80 percent of the company’s anticipated $2.2 million in profit this year.

So why do I bring up this business story at GetReligion?

Well, in the above video, doesn't Price look a whole lot like Jesus?

Seriously, did you notice the name of the CEO's alma mater? 


Please respect our Commenting Policy