Dan Price Resigns from Gravity Payments After Abuse Allegations

Dan Price, who gained fame in 2015 for cutting his salary as the head of Gravity Payments to help fund raises for his entire staff, resigned this week under a cloud of allegations of sexual assault and abuse.

Read Bloomberg Businessweek’s 2015 feature on Dan Price

Price, who founded Gravity 18 years ago, announced his departure on Twitter Wednesday. Tammi Kroll, who has served as chief operations officer of the company since 2015, will run the Seattle-based firm, which processes credit card payments and merchant services for small businesses. In a companion message that appeared in Price’s tweet, Kroll said the company “supports his decision to ...