5 Things to Know This Morning

5 Things to Know This Morning

— -- Your look at the five biggest and most buzz-worthy stories of the morning.

1. CEO Will Live on $70,000 Worker Wage, Thinks His Life Will Be Luxe Enough

The CEO of a credit-card payments company in Seattle said executive pay is "out of whack," so he's cutting his own pay and creating a minimum salary for his workers. Now, he will be earning $70,000 like many of them, and he's OK with it.

Dan Price, 30, announced this week that any employee at his company, Gravity Payments, making less than $70,000 annually will receive a $5,000-per-year raise or be paid a minimum of $50,000, whichever is greater. The aim: By December 2017, everyone will earn $70,000 or more.

To facilitate this change, Price said his salary will decrease to $70,000 from about $1 million until or unless the company's profits are greater than last year's approximately $2.2 million.

Shocking dashboard camera videos released by authorities in Arizona show a patrol car crashing into an alleged armed suspect who police said had been on a day-long crime spree.

3. Marchers Across Country Protest Police Killings

Demonstrators took to the streets in dozens of cities across the country to protest police officers killing unarmed black men.

The marches in New York City, Los Angeles, Seattle, Oakland and Berkeley, California, and other cities were organized by the Stop Mass Incarceration Network, using the hashtag #ShutDownA14 to spread their message on social media.

4. How to Spot and Avoid Tax Scams

"The IRS never, never, never telephones you. They never send you email either," Richard Gartland, senior tax advisor with H&R Block, said. Instead, they will typically send you a letter.

Born to Danielle and Adam Busby, the tiny band of five newborns are the first all-female quintuplets born in the United States ever, the hospital said.

“We are so thankful and blessed and I honestly give all my credit to God,” the mom said.