# Professor Tensie Whelan comments on Gravity Payments CEO Dan Price's decision to pay employees a minimum annual wage of $70,000

1 Faculty News October 19, 2017 ![Metro logo](/sites/default/files/styles/246w/public/assets/images/con_031603.jpg?itok=BgmhDLbb)>

Excerpt from [Metro](https://www.metro.us/lifestyle/career-education/dan-price-70k-minimum-wage-career-incentives) -- "'I think more companies should move to reduce the wage gap by increasing the salaries of people making below 70K in the company and reducing those of the C-Suite,' she says, 'academic studies consistently point to no financial benefit to shareholders of paying the type of salaries CEOs currently command and there is clear societal value in paying people a decent wage.'"

[Read more](https://www.metro.us/lifestyle/career-education/dan-price-70k-minimum-wage-career-incentives)