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 .
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.
Last week, Price won the lawsuit against his brother.