- Gravity Payments
Employees at Gravity Payments saved up for months and on Thursday presented their CEO, Dan Price, with his dream car, a Tesla, according to photos he shared on his public Facebook page.
Price gained national attention when he raised all of his 120 employees’ salaries to a minimum of $70,000.
The change was said to double some employees’ annual wages and slash his own compensation from $1.1 million to $70,000. He was hailed as a hero.
But then a report by Bloomberg Business’ Karen Weise suggested that he may have made the unusual move as a reaction to a costly lawsuit served to him by his older brother, who owns about 30% of Gravity. In the suit, Price’s brother claimed that Dan paid himself excessively for a number of years.
Whatever Price’s motives, many Gravity employees were thrilled with their boss’ decision to grant them such big raises and showed their appreciation in a big way.
“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?” Price wrote.
A Tesla Model S starts at $70,000.
He was so moved, he burst into tears when they presented him with the gift.
Here’s a video that shows the car and his reaction.
Here’s the Facebook post that shows off the car they bought him: