Dan Price, CEO of Gravity Payments, announced he would lower his annual salary from US$1 million to US$70,000 so his employees could make the same. Price commented that his goal was not to just make money, but to make a difference in people's lives. Now, employees of the Seattle-based company will see their salaries increase over the next three years. Many Gravity Payments employees were quite excited by the news with some stating that they could finally afford to move out of their parents' homes. Additionally, Price explained that his decision will also be good for business. Since his announcement, Gravity Payments has received thousands of requests from people wanting to support its business.