Dan Price, the CEO from Idaho who set a $70K minimum yearly salary, quits his job

The Seattle CEO from Idaho who rose to national prominence for setting a $70,000 minimum salary for all his employees — and slashing his own to match — has resigned as CEO of the company he founded in college amid accusations of misdemeanor assault. Dan Price said he was stepping down at Gravity Payments, a credit card processing firm, to dedicate more time to “fighting false allegations.” Earlier this year, he was accused of attempting to kiss a woman against her will, the Seattle Times reported.

Price resigned shortly before The New York Times published an investigative story detailing allegations by numerous women of improper behavior. “Mr. Price’s internet fame has enabled a pattern of abuse in his personal life and hostile behavior at his company, interviews with more than 50 people, documents and police reports show,” the Times article said.

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