Business That Puts Purpose Over Profit

Dan Price, the 32-year-old CEO of Gravity Payments, made national news last year when he announced he was putting in place a scaled pay policy that would raise the minimum wages of employees to $70,000 per year by 2017. The announcement led to a flood of job applicants—and many new clients. Raised by evangelical Christian parents and home schooled, Price tells correspondent John Larson that his biblical training still shapes his ideas, whether he is serving others or running a company, and that “business that puts purpose over profit ends up making more profit.”