Three months ago, Dan Price, chief of Gravity Payments, raised the annual salary floor for his employees to $70,000. He knocked his own salary down to $70K as well.

This follow-up article takes a look at how this is working out for Price, for his employees, and for the company. A risky move, with some obvious (at least in retrospect) consequences. [Via Stu Mark]

[WARNING: Contains an autoplay video. Normally, autoplay is enough to disqualify a post, but thought this was interesting enough to make an exception]