Page 6 - Gravity Payments News Today

Chief executive who slashed his own pay to cover the cost of employee raises is stepping down to fight "false accusations."

The embattled CEO of Gravity Payments famously lowered his salary to $70,000 in 2015.

Dan Price was charged with misdemeanor assault in May after a woman alleged he attempted to forcibly kiss her. He pled not guilty to the charges.

Price, who cut his salary to give pay rises to all Gravity Payments’ 120 employees, faces assault and reckless driving charges

A Seattle CEO who announced in 2015 that he was giving himself a drastic pay cut to help cover the cost of big raises for his employees has announced

Price was charged with misdemeanor assault in May after a woman alleged Price attempted to forcibly kiss her. He pled not guilty to the charges.

Dan Price was applauded for paying a minimum salary of $70,000 at his Seattle company and criticizing corporate greed. The adulation helped to hide and enable his behavior.

The embattled CEO of Gravity Payments famously lowered his salary to $70,000 in 2015.

A Seattle CEO who announced in 2015 that he was giving himself a drastic pay cut to help cover the cost of big raises for his employees has announced his resignation.

"My presence has become a distraction here," said Dan Price, the Seattle CEO who cut his pay so employees could earn $70K. He resigned Wednesday.