The CEO of Seattle-based credit card processor Gravity Payments made headlines in 2015 after he decided to cut his $1 million salary to $70,000 so his 100-plus employees could eventually do the same. Using the company’s profits, he promised that all his staff would earn at least that much within three years. Gravity Payment now pays employees at least $80,000 per year.
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Story continues below ad But 18 years after founding the company, Price, 38, has decided to step down. “My #1 priority is for our employees to work for the best company in the world, but my presence has been a distraction here,” he announced on Twitter. “I must also step down from these duties to focus full-time on fighting the false accusations against me,” he wrote. “I am not going anywhere.” pic.twitter.com/yMsR8htUg8 — Dan Price (@DanPriceSeattle) August 18, 2022 On Thursday, The New York Times published an investigation into Price and spoke to more than a dozen women who accused the embattled CEO of “predatory” encounters. The article claims Price used his significant social media following to lure women. Story continues below ad Kacie Margis received a message from Price one day after liking one of his Instagram accounts. The two eventually began dating, but after three months, Margisse accused him of raping her, according to the Times. Other women accused Price of having sex with them while they slept. Price told The New York Times that he “never physically or sexually abused anyone” and that “the other allegations of misconduct toward women in this story are simply false.”
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Price is also accused of abusing his ex-wife Kristie Colon. In October 2015, Colon gave a TEDx talk and talked about being beaten and seasick by an ex, without naming Price. Bloomberg reported on the incident, and Price told the agency that the events “never happened.” Earlier this year, Seattle prosecutors charged Price with reckless driving and misdemeanor battery against a woman. Prosecutors say Price tried to forcefully kiss a woman. He pleaded not guilty in May. the case remains ongoing. Price has also run into other legal problems. His brother Lucas sued him in 2015, claiming he was overpaying himself. A King County judge ruled that Dunn had not violated Lucas’ rights as a minority shareholder. Chief Operating Officer Tammi Kroll will take over as CEO. Story continues below ad — with files from The Associated Press 1:43 R. Kelly sentenced to 30 years in prison in sex trafficking case Previous Video Next Video © 2022 Global News, a division of Corus Entertainment Inc.
