The internet’s favorite CEO resigns amid assault allegations

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Social media-famous CEO Dan Price resigned this week amid accusations that he assaulted multiple women.

Price became the poster child for ethical corporate leadership in 2015 when he announced he was raising the minimum salary at his credit card processing company, Gravity Payments, to $70,000—and that he would cut his own $1 million salary down to that level to do it. He then made sure his social media accounts made that news pop up in everyone’s feeds about 10x per week.

But even back then, reports surfaced that Price’s ex-wife accused him of domestic violence, and he was embroiled in a lawsuit from his brother over his management of the company. Now, new allegations against Price have come out in a damning report from the New York Times.

  • The Times spoke to more than a dozen women who say Price mistreated them, including an ex-girlfriend who told police he raped her (the case has been referred to prosecutors).
  • Some former employees also told the NYT that he wasn’t actually a good boss, and that Price himself dreamed up a viral stunt where employees gave him a Tesla as a sign of their thanks.
  • The real kicker: Most of Price’s social media posts were written by a ghostwriter—an ex-reporter who had faced his own claims of inappropriate sexual behavior.

Price denies the misconduct claims. On Wednesday, he tweeted a screenshot of a company email in which he said he was resigning because his presence had become a “distraction” and plans to “focus full time on fighting false accusations against me.”

“I’m not going anywhere,” Price told his 775k Twitter followers.—AR


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