Employees give Seattle CEO a new Tesla after he shared the wealth
SEATTLE (AP) — The employees of a company whose boss gave them a well-publicized big raise have bought him a new Tesla.
Gravity Payments CEO Dan Price posted the news of the gift on Facebook Thursday and his company sent out a news release.
“Shocked. Still in disbelief,” Price wrote on his Facebook post. “Never imagined this was possible. Gravity employees saved up and pitched in over the past six months and bought me my dream car. A brand new, gorgeous blue #Tesla. Still in shock. How do I even begin to say thank you?”
Gravity spokesman Ryan Pirkle said the gift was thought up and organized by an employee who was one of those most impacted by Price’s decision last year to raise to $70,000 the annual salary for all the more than 130 people who work at the company that processes credit-card payments.
At the time Price said he would also make $70,000, dropping his salary from more than $1 million annually.