Dan Price CEO Gravity Payments

Dan Price, the CEO who famously slashed his own pay to $70000 while raising minimum wage at Gravity Payments, has resigned while facing charges for ...

The court later ruled in Dan Price’s favor. “For me to make the sacrifice in the short term, I’d rather this than a vacation home in Palm Springs or the Hamptons. Price garnered widespread attention in 2015 after publicly revealing that he would cut his own $1 million salary to $70,000. “I’m so happy how people’s lives are changing, because they deserve it, and they deserve every penny of it,” Price said. His posts ripping corporate leaders while calling for improved employee pay and benefits regularly go viral. “I also need to step aside from these duties to focus full time on fighting false accusations made against me.

Dan Price, the chief executive of Gravity Payments who rose to notoriety after cutting his own salary to $70,000 to ensure all of his employees would all ...

[misdemeanor assault charges](https://www.seattletimes.com/business/seattle-ceo-dan-price-pleads-not-guilty-to-misdemeanor-assault-charges/) in May. ](https://www.nytimes.com/2022/08/18/technology/dan-price-resign-social-media.htmlhttps://www.nytimes.com/2022/08/18/technology/dan-price-resign-social-media.html) Many are assuming the resignation was in response to the Times article going to print, per the NYT: “After responding to questions earlier in the day from The New York Times, Mr. Price tweeted that he had [resigned](https://twitter.com/DanPriceSeattle/status/1560057394180358144) on Wednesday evening as chief executive of his company, Gravity Payments.” He pled not guilty to his Founded in 2004, the credit card processing company made headlines in 2015 for committing to paying high minimum salaries and received criticism from right wing commenters such as Rush Limbaugh, who claimed the payment structure was unsustainable. 17, Price announced his resignation on Twitter, calling his presence at the company ” a distraction.” Price didn’t explain why he chose to resign now.

The Seattle CEO cut his $1 million salary to ensure his 100-plus workers earned at least $70000 in 2015.

[Seattle prosecutors charged Price with misdemeanor assault against a woman and reckless driving](https://apnews.com/article/business-seattle-4ff8996d4b7f9c2fb79b49349b041311). Price told Bloomberg those events “never happened.” Prosecutors say Price tried to forcibly kiss a woman.

In the wake of legal battles, Gravity Payments CEO Dan Price is stepping down from his role. The founder first received national acclaim for establishing a ...

In May, Price [pleaded not guilty to misdemeanor assault charges](https://www.seattletimes.com/business/seattle-ceo-dan-price-pleads-not-guilty-to-misdemeanor-assault-charges/). Today, Gravity Payments pays employees a minimum salary of $80,000, said Price in a statement he shared on Twitter after announcing his resignation. [and the cover of Inc.](https://www.inc.com/magazine/201511/paul-keegan/does-more-pay-mean-more-growth.html)--in 2015, when he announced that he'd be taking a substantial pay cut, from $1.1 million to $70,000, to establish a minimum salary of $70,000 at his company. This, Price said in his resignation email (posted on Twitter), led his presence at his company to "become a distraction," leading to his decision to step down and "focus full time on fighting false accusations" made against him. According to Price, this allowed the company to avoid laying off 20 percent of the staff. [the Seattle Times ](https://www.seattletimes.com/seattle-news/law-justice/seattle-ceo-and-big-business-antagonist-dan-price-accused-of-assaulting-woman-after-dinner-meeting/)reported that a woman accused Price of attempting to kiss her and forcibly grabbing her throat after a business dinner.