CEO Dan Price, who became famous as the CEO of Gravity Payments, a payment processor, for giving everyone a minimum of a $70,000 annually (up from $48,000 median) while bravely cutting his own wage down from one million to the company median. He also offered unlimited time off and resulting in his companies yugely positive financials which he constantly talked about since his main job was Public Relations, has stepped down from his role as CEO due to allegations of sexual harassment, sexual assault and felony rape, stating he doesn't want to be a distraction from what he's proud that he has built as he fights these false charges.
nypost.com
The fact that his often viral social media presence has helped boost his companies PR has helped drown out other allegations of misconduct, including potential spousal abuse of his now ex-wife several years back, as well as the allegation that the reason he equalized his pay was to screw his business partners, including his brother and co-founder, out of more financial compensation in regards to the company. Or that he was paying himself $50,000 a year until 2012 when he boosted his own competition, apparently to the criticism of his partners, to over a million dollars before making this 'shocking' 2015 announcement.
However now he may lose his lucrative $100,000 paycheck as CEO... which means he'll only have his existing wealth to fall upon from things like speaking engagement fees... and real estate... and his book deals... and stealth payments and...
thehustle.co
archive.ph
But don't worry, it seems more then likely that him stepping down as CEO is performative in the wake of more surfacing allegations and he'll still retain control of the company.
New York Post said:
‘$70,000 CEO’ Dan Price resigns after allegedly grabbing woman by throat
Price purportedly performed doughnuts in his Tesla while the woman was still in his car.
nypost.com
The fact that his often viral social media presence has helped boost his companies PR has helped drown out other allegations of misconduct, including potential spousal abuse of his now ex-wife several years back, as well as the allegation that the reason he equalized his pay was to screw his business partners, including his brother and co-founder, out of more financial compensation in regards to the company. Or that he was paying himself $50,000 a year until 2012 when he boosted his own competition, apparently to the criticism of his partners, to over a million dollars before making this 'shocking' 2015 announcement.
However now he may lose his lucrative $100,000 paycheck as CEO... which means he'll only have his existing wealth to fall upon from things like speaking engagement fees... and real estate... and his book deals... and stealth payments and...
The dubious claims of Dan Price, the Gravity Payments CEO paying everyone $70,000 - The Hustle
Turns out 90% of the Dan Price story is completely made up and he's trying to make a fool of us all.
thehustle.co
The CEO Paying Everyone $70,000 Salaries Has Something to Hide
archived 18 Aug 2022 21:58:01 UTC
But don't worry, it seems more then likely that him stepping down as CEO is performative in the wake of more surfacing allegations and he'll still retain control of the company.
