By Ella Ceron | Bloomberg
Dan Price, who gained fame in 2015 for cutting his salary as the head of Gravity Payments to help fund raises for his entire staff, resigned this week under a cloud of allegations of sexual assault and abuse.
Price, who founded Gravity 18 years ago, announced his departure on Twitter last Wednesday.
Tammi Kroll, who has served as chief operations officer of the company since 2015, will run the Seattle-based firm, which processes credit card payments and merchant services for small businesses. In a companion message that appeared in Price’s tweet, Kroll said the company “supports his decision to step aside.”
“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 said in his tweet. “I also need to step aside from these duties to focus full time on fighting false accusations made against me. I’m not going anywhere.”
Price’s departure as chief executive officer came shortly before the New York Times published a report detailing allegations of abuse and sexual assault made by several women. According to the report, the police department in Palm Springs on Monday submitted a rape investigation to the Riverside County district attorney’s office regarding an incident that occurred in a hotel in April 2021.
Gustavo Araiza, a lieutenant with the Palm Springs police department confirmed that the case is active, pending Riverside County’s decision. John Hall, the public...
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