Employees give CEO a new car 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.

The Seattle Times reports ( http://bit.ly/29BWuF5 ) that Gravity Payments CEO Dan Price posted the news of the gift on Facebook Thursday, saying “Gravity employees saved up and pitched in over the past six months and bought me my dream car.”

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.

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