Right after announcing he was taking a pay cut to raise employees' salaries, business is booming.
Here's a story to show your boss. When it comes to taking care of his employees, Gravity Payments CEO Dan Price is going above and beyond (and business has never been better).
You might have heard a story from a few weeks ago about a CEO named Dan Price and his plan to raise the starting salary for his employees to $70,000 per year.
He told his employees about the change at Gravity Payments, his credit card processing company, during their quarterly staff meeting.
Needless to say, they were pretty excited about the news, giving him a standing ovation.
CBS News interviewed 29-year-old equipment supervisor Jose Garcia about the change. He said that he cried when he told his mom about the raise.
Before the announcement, Garcia's salary was $33,000 per year. The raise was a huge deal to him and others at the company.
Over the next two years, salaries will increase periodically.
Effective immediately, everyone in the company will make at least $50,000 (or, if they already make more than $50,000, they'll get a $5,000-per-year raise). From there, all employees will be bumped to $60,000 next year, and $70,000 the year after.
How is Price doing this? To start, he took a huge pay cut.
He had been making $1 million per year. But now? He'll take home just $70,000 per year.
Price was motivated to change the salary structure after reading a 2010 study that suggested people have the highest emotional well-being at $75,000.
Would raising the salary of someone like Jose Garcia from $33,000 to $70,000 have a tremendous impact on his happiness? Likely! Is it the same for someone already making well over $75,000 per year? According to this study, no.
Business has never been better.
Price tells CNN Money that in the 11 years he's been running Gravity Payments, he's never seen a better week for new business after bringing in dozens of new clients.
"In the short-term, [news reports about the pay] could help demand for our services, but clients won't stay with a company that's not providing a superior value."
— Dan Price
Morale is high, and applications are flying in faster than ever before.
It turns out that offering people a living wage with competitive benefits makes people want to work for you. Who knew?
They've received about 3,500 job applications for the company's two open positions (a sales representative and a support staffer), which is around 10 times as many as they're used to.
He's putting people before profits.
Based on that study, he realized that making less than ideal wages is emotionally taxing on a person. So if he's in a position to help make the world a better place for the people around him, why wouldn't he?
He cut the company's immediate profit projections in half, but he seems pretty happy with how that's working out so far.
After all, there's a reason Price was named 2014's "Entrepreneur of the Year" by Entrepreneur Magazine.
And it probably has to do with making gutsy decisions like this (and possibly looking ridiculously good in a blazer).
Check out the CBS News report about Price:
- Fox News predicted his 70K minimum salary idea would fail. He proved them wrong—by a lot. - Upworthy ›
- Dan Price wants to change Giving Tuesday by putting money into the hands of his employees - Upworthy ›
- Gravity Payments CEO raises minimum wage at company to $70K - Upworthy ›
- Dan Price is marking Giving Tuesday by putting donation money into the hands of his employees - Upworthy ›






A woman is getting angry at her coworker.via
A man with tape over his mouth.via
A husband is angry with his wife. via 
a man sitting at a desk with his head on his arms Photo by
Can a warm cup of tea help you sleep better? If you believe it, then yes. Photo by 
Three women sit on a blanket in the park. 
Two women engaging in a pleasant conversation inside a coffee shop
Two men engaging in a peaceful disagreement.
Resurfaced video of French skier's groin incident has people giving the announcer a gold medal
"The boys took a beating on that one."
Downhill skiing is a sport rife with injuries, but not usually this kind.
A good commentator can make all the difference when watching sports, even when an event goes smoothly. But it's when something goes wrong that great announcers rise to the top. There's no better example of a great announcer in a surprise moment than when French skier Yannick Bertrand took a gate to the groin in a 2007 super-G race.
Competitive skiers fly down runs at incredible speeds, often exceeding 60 mph. Hitting something hard at that speed would definitely hurt, but hitting something hard with a particularly sensitive part of your body would be excruciating. So when Bertrand slammed right into a gate family-jewels-first, his high-pitched scream was unsurprising. What was surprising was the perfect commentary that immediately followed.
This is a clip you really just have to see and hear to fully appreciate:
- YouTube youtu.be
It's unclear who the announcer is, even after multiple Google inquiries, which is unfortunate because that gentleman deserves a medal. The commentary gets better with each repeated viewing, with highlights like:
"The gate the groin for Yannick Bertrand, and you could hear it. And if you're a man, you could feel it."
"Oh, the Frenchman. Oh-ho, monsieurrrrrr."
"The boys took a beating on that one."
"That guy needs a hug."
"Those are the moments that change your life if you're a man, I tell you what."
"When you crash through a gate, when you do it at high rate of speed, it's gonna hurt and it's going to leave a mark in most cases. And in this particular case, not the area where you want to leave a mark."
Imagine watching a man take a hit to the privates at 60 mph and having to make impromptu commentary straddling the line between professionalism and acknowledging the universal reality of what just happened. There are certain things you can't say on network television that you might feel compelled to say. There's a visceral element to this scenario that could easily be taken too far in the commentary, and the inherent humor element could be seen as insensitive and offensive if not handled just right.
The announcer nailed it. 10/10. No notes.
The clip frequently resurfaces during the Winter Olympic Games, though the incident didn't happen during an Olympic event. Yannick Bertrand was competing at the FIS World Cup super-G race in Kvitfjell, Norway in 2007, when the unfortunate accident occurred. Bertrand had competed at the Turin Olympics the year before, however, coming in 24th in the downhill and super-G events.
As painful as the gate to the groin clearly as, Bertrand did not appear to suffer any damage that kept him from the sport. In fact, he continued competing in international downhill and super-G races until 2014.
According to a 2018 study, Alpine skiing is a notoriously dangerous sport with a reported injury rate of 36.7 per 100 World Cup athletes per season. Of course, it's the knees and not the coin purse that are the most common casualty of ski racing, which we saw clearly in U.S. skier Lindsey Vonn's harrowing experiences at the 2026 Olympics. Vonn was competing with a torn ACL and ended up being helicoptered off of the mountain after an ugly crash that did additional damage to her legs, requiring multiple surgeries (though what caused the crash was reportedly unrelated to her ACL tear). Still, she says she has no regrets.
As Bertrand's return to the slopes shows, the risk of injury doesn't stop those who live for the thrill of victory, even when the agony of defeat hits them right in the rocks.