Dan Price, CEO of credit card processor Gravity Payments, resigned on Wednesday, saying “his presence has become a distraction” at the company. “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.” Earlier this year, Seattle prosecutors charged Price with misdemeanor assault on a woman and reckless driving. Prosecutors say Price tried to forcefully kiss a woman. He pleaded not guilty in May and the case remains ongoing. The New York Times reported Thursday that more than a dozen women have accused Price of what she called “predatory” encounters. His ex-wife, Kristie Colon, said Price was physically abusive, and a woman he had a relationship with, Kacie Margis, accused him of raping her, according to the Times. Price told the newspaper that he “never physically or sexually abused anyone” and that “the other allegations of misconduct against women in this story are simply false.” He did not respond to a request for comment from CBS MoneyWatch. Seven years ago, Price stunned his 100-plus employees when he told them he was cutting his roughly $1 million salary to $70,000 and using the company’s profits to ensure everyone there would earn at least that much within three years. That amounted to a 46% jump from Gravity Payments’ average annual salary at the time of $48,000. About 70 employees at the company saw raises, with 30 doubling their annual salaries. pic.twitter.com/yMsR8htUg8 — Dan Price (@DanPriceSeattle) August 18, 2022 “I’m so happy that people’s lives are being changed, because they deserve it, and they’re worth every penny of it,” Price said in 2016. “To make the sacrifice in the short term, I’d rather have this than a cottage in Palm Springs or the Hamptons . I guarantee you this will pay off.” Gravity Payments now pays employees a minimum salary of $80,000 a year, Price said this week. Price, 38, has faced other legal problems. His brother Lucas sued him in 2015, claiming Dan Price was overpaying himself and mismanaging the company. A King County judge ruled that Dunn had not violated Lucas’ rights as a minority shareholder. CEO who gave all his employees $70,000 minimum wage thriving six years later 05:14 Allegations that Price had abused his ex-wife Kristie Colon also surfaced that year. A Bloomberg report recounted an October 2015 TEDx talk given by Colon during which she described being beaten and dumped by her ex, without naming Price. Price told Bloomberg that those events “never happened.” Chief Operating Officer Tammi Kroll will take over as CEO of Gravity Payments.

title: “Dan Price Ceo Who Took Pay Cut And Workers Won 70 000 Resigns Amid Legal Troubles Klmat” ShowToc: true date: “2022-12-03” author: “Harriet Cleland”

Dan Price, CEO of credit card processor Gravity Payments, resigned on Wednesday, saying “his presence has become a distraction” at the company. “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.” Earlier this year, Seattle prosecutors charged Price with misdemeanor assault on a woman and reckless driving. Prosecutors say Price tried to forcefully kiss a woman. He pleaded not guilty in May and the case remains ongoing. The New York Times reported Thursday that more than a dozen women have accused Price of what she called “predatory” encounters. His ex-wife, Kristie Colon, said Price was physically abusive, and a woman he had a relationship with, Kacie Margis, accused him of raping her, according to the Times. Price told the newspaper that he “never physically or sexually abused anyone” and that “the other allegations of misconduct against women in this story are simply false.” He did not respond to a request for comment from CBS MoneyWatch. Seven years ago, Price stunned his 100-plus employees when he told them he was cutting his roughly $1 million salary to $70,000 and using the company’s profits to ensure everyone there would earn at least that much within three years. That amounted to a 46% jump from Gravity Payments’ average annual salary at the time of $48,000. About 70 employees at the company saw raises, with 30 doubling their annual salaries. pic.twitter.com/yMsR8htUg8 — Dan Price (@DanPriceSeattle) August 18, 2022 “I’m so happy that people’s lives are being changed, because they deserve it, and they’re worth every penny of it,” Price said in 2016. “To make the sacrifice in the short term, I’d rather have this than a cottage in Palm Springs or the Hamptons . I guarantee you this will pay off.” Gravity Payments now pays employees a minimum salary of $80,000 a year, Price said this week. Price, 38, has faced other legal problems. His brother Lucas sued him in 2015, claiming Dan Price was overpaying himself and mismanaging the company. A King County judge ruled that Dunn had not violated Lucas’ rights as a minority shareholder. CEO who gave all his employees $70,000 minimum wage thriving six years later 05:14 Allegations that Price had abused his ex-wife Kristie Colon also surfaced that year. A Bloomberg report recounted an October 2015 TEDx talk given by Colon during which she described being beaten and dumped by her ex, without naming Price. Price told Bloomberg that those events “never happened.” Chief Operating Officer Tammi Kroll will take over as CEO of Gravity Payments.

title: “Dan Price Ceo Who Took Pay Cut And Workers Won 70 000 Resigns Amid Legal Troubles Klmat” ShowToc: true date: “2022-10-25” author: “Vivian Correll”

Dan Price, CEO of credit card processor Gravity Payments, resigned on Wednesday, saying “his presence has become a distraction” at the company. “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.” Earlier this year, Seattle prosecutors charged Price with misdemeanor assault on a woman and reckless driving. Prosecutors say Price tried to forcefully kiss a woman. He pleaded not guilty in May and the case remains ongoing. The New York Times reported Thursday that more than a dozen women have accused Price of what she called “predatory” encounters. His ex-wife, Kristie Colon, said Price was physically abusive, and a woman he had a relationship with, Kacie Margis, accused him of raping her, according to the Times. Price told the newspaper that he “never physically or sexually abused anyone” and that “the other allegations of misconduct against women in this story are simply false.” He did not respond to a request for comment from CBS MoneyWatch. Seven years ago, Price stunned his 100-plus employees when he told them he was cutting his roughly $1 million salary to $70,000 and using the company’s profits to ensure everyone there would earn at least that much within three years. That amounted to a 46% jump from Gravity Payments’ average annual salary at the time of $48,000. About 70 employees at the company saw raises, with 30 doubling their annual salaries. pic.twitter.com/yMsR8htUg8 — Dan Price (@DanPriceSeattle) August 18, 2022 “I’m so happy that people’s lives are being changed, because they deserve it, and they’re worth every penny of it,” Price said in 2016. “To make the sacrifice in the short term, I’d rather have this than a cottage in Palm Springs or the Hamptons . I guarantee you this will pay off.” Gravity Payments now pays employees a minimum salary of $80,000 a year, Price said this week. Price, 38, has faced other legal problems. His brother Lucas sued him in 2015, claiming Dan Price was overpaying himself and mismanaging the company. A King County judge ruled that Dunn had not violated Lucas’ rights as a minority shareholder. CEO who gave all his employees $70,000 minimum wage thriving six years later 05:14 Allegations that Price had abused his ex-wife Kristie Colon also surfaced that year. A Bloomberg report recounted an October 2015 TEDx talk given by Colon during which she described being beaten and dumped by her ex, without naming Price. Price told Bloomberg that those events “never happened.” Chief Operating Officer Tammi Kroll will take over as CEO of Gravity Payments.

title: “Dan Price Ceo Who Took Pay Cut And Workers Won 70 000 Resigns Amid Legal Troubles Klmat” ShowToc: true date: “2022-10-30” author: “Stanley Retchless”

Dan Price, CEO of credit card processor Gravity Payments, resigned on Wednesday, saying “his presence has become a distraction” at the company. “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.” Earlier this year, Seattle prosecutors charged Price with misdemeanor assault on a woman and reckless driving. Prosecutors say Price tried to forcefully kiss a woman. He pleaded not guilty in May and the case remains ongoing. The New York Times reported Thursday that more than a dozen women have accused Price of what she called “predatory” encounters. His ex-wife, Kristie Colon, said Price was physically abusive, and a woman he had a relationship with, Kacie Margis, accused him of raping her, according to the Times. Price told the newspaper that he “never physically or sexually abused anyone” and that “the other allegations of misconduct against women in this story are simply false.” He did not respond to a request for comment from CBS MoneyWatch. Seven years ago, Price stunned his 100-plus employees when he told them he was cutting his roughly $1 million salary to $70,000 and using the company’s profits to ensure everyone there would earn at least that much within three years. That amounted to a 46% jump from Gravity Payments’ average annual salary at the time of $48,000. About 70 employees at the company saw raises, with 30 doubling their annual salaries. pic.twitter.com/yMsR8htUg8 — Dan Price (@DanPriceSeattle) August 18, 2022 “I’m so happy that people’s lives are being changed, because they deserve it, and they’re worth every penny of it,” Price said in 2016. “To make the sacrifice in the short term, I’d rather have this than a cottage in Palm Springs or the Hamptons . I guarantee you this will pay off.” Gravity Payments now pays employees a minimum salary of $80,000 a year, Price said this week. Price, 38, has faced other legal problems. His brother Lucas sued him in 2015, claiming Dan Price was overpaying himself and mismanaging the company. A King County judge ruled that Dunn had not violated Lucas’ rights as a minority shareholder. CEO who gave all his employees $70,000 minimum wage thriving six years later 05:14 Allegations that Price had abused his ex-wife Kristie Colon also surfaced that year. A Bloomberg report recounted an October 2015 TEDx talk given by Colon during which she described being beaten and dumped by her ex, without naming Price. Price told Bloomberg that those events “never happened.” Chief Operating Officer Tammi Kroll will take over as CEO of Gravity Payments.