Employees Pay Back Their CEO For Raising Their Minimum Income By Buying Him His Dream Car

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11:38 pm 16 Jul, 2016

After saving up for months, on Thursday, employees at Gravity Payments presented their CEO, Dan Price, with his dream car – a Tesla.

Dan Price had last been heard of in the news when, in 13, April 2015, he raised all of his 120 employees’ wages to a minimum of $70,000 (Rs 46,96,751) per year. While the change doubled some of his employees wages, it slashed his own salary from $1.1 million to $70,000 .


Price shared the photos of his gift on his Facebook page. Coincidentally, the Tesla Model S starts at $70,000 dollars, though the cost of this particular car is not yet known.

While Price was seen as a hero for raising his employees wages, later it came to light that Price might have made the move due to a costly lawsuit that his elder brother (who owns 30% of Gravity Payments) served him. His brother claimed that Price paid himself excessively over the years.

However, whatever be Price’s reasons behind the gesture, it was really appreciated by his employees who decided to surprise him with his dream car.


On his Facebook page, Dan Price wrote: “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?”

Last week, Price won the lawsuit against his brother.

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