When Dan Price, the CEO of the payments firm he led, announced in 2015 that all employees would receive a minimum salary of $70,000, he became known as the face of corporate greed. He claimed that he had reduced his own compensation as CEO by 90% in order to achieve this goal.
He resigned from the company he created in college on Wednesday amid claims of wrongdoing and sexual assault, including several criminal charges.
A shocking New York Times report that accused Price of using his social media platforms to portray himself as an advocate for higher pay in an effort to conceal “a pattern of abuse in his personal life and hostile behaviour at his company” was released along with the news of Price’s departure from Gravity Payments.
Early in 2021, a 27-year-old model and artist told the Times that she and Price had a three-month relationship that terminated after Price allegedly raped her. Price, 38, has refuted the accusations, and police in Palm Springs, California, informed the Times that they had handed the case on to local prosecutors with a recommendation to charge the victim with rape while under the influence of drugs.
Five additional women, including four who gave interviews on the record, made charges of physical and sexual abuse that allegedly went on for ten years in The Times. Price announced his departure from Gravity Payments on his Twitter account on Wednesday, stating that he will “concentrate full-time on battling bogus claims brought against me.” CNN Business contacted Price and Gravity Payments for comment, but neither company sent a response.
On Wednesday, Price sent another tweet outlining the privileges and benefits he has given his staff, such as unlimited paid time off and 401(k) match plans.
Previous complaints of abuse
According to the Times article, Price was actively seeking women online “while tweeting statements like “A male president was so enraged he lost that he incited a mob against the U.S. Capitol,” who claim he hurt them, both physically and mentally. I never want to hear the statement that a female president would be “too emotional.””On Wednesday, Price sent another tweet outlining the privileges and benefits he has given his staff, such as unlimited paid time off and 401(k) match plans.
Previous complaints of abuse
According to the Times article, Price was actively seeking women online “while tweeting statements like “A male president was so enraged he lost that he incited a mob against the U.S. Capitol,” who claim he hurt them, both physically and mentally. I never want to hear the statement that a female president would be “too emotional”.
Price has already faced allegations of abuse. He was charged with fourth-degree assault and reckless driving earlier this year in Seattle after it was claimed by the prosecution that he forcibly kissed a lady during a business dinner meeting and then drove her to a parking lot where he did risky automobile stunts with her inside. According to The Seattle Times, Price has entered a not guilty plea to the allegations and will go on trial in October.
According to the New York Times article, Price’s ex-wife Kristie Colón said that her ex-husband beat and waterboarded her in a TEDx Talk that was taped at the University of Kentucky in 2015, the same year he gained notoriety. Additionally, Price has refuted these charges.
In the end, it’s possible that Price wasn’t the one using Twitter to support his staff and women. According to The New York Times, he commissioned veteran real estate journalist Mike Rosenberg to create the majority of his social media posts.
In 2019, Rosenberg left The Seattle Times after being accused of sending communications that were sexually explicit. The communications were not intended for the person who got them, according to Rosenberg, who also declined to comment when contacted by CNN Business.