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Home News Business

Credit Card Firm CEO Resigns Following Assault Charge

Recent shifts in workplace culture make brushing these types of issues under the rug unacceptable in both the eyes of employees and consumers.

Aayat AlibyAayat Ali
August 18, 2022
in Business
Reading Time: 2 mins read
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Credit Card Firm CEO Resigns Following Assault Charge

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Dan Price, CEO of credit card firm Gravity Payments, has resigned years after taking a pay cut in order to give employees a raise.  

In 2015, Price made waves when he revealed that he would slash his $1 million salary to $70,000 in order to support raises for his staff. 

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While a progressive move, Price has since made headlines after being charged with a misdemeanor for assault against a woman and reckless driving, in which he pled not guilty. 

“My No. 1 priority is for our employees to work for the best company in the world, but my presence has become a distraction here,” Price wrote on Twitter.  

“I also need to step aside from these duties to focus full time on fighting false accusations made against me.” 

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This isn’t the first time Price has faced legal trouble. The same year he took a price cut, his brother sued him after allegations that he was overpaying himself. 

Accountability has been thrusted into the spotlight in recent years, particularly from executives.  

Illegal actions, particularly ones that harm others, have always been abhorrent. However, recent shifts in workplace culture make brushing these types of issues under the rug unacceptable in both the eyes of employees and consumers.  

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Source: AP News
Tags: Business
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Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

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