Employees just bought a Tesla for their CEO because he raised minimum salaries to $70,000
Gravity Payments
Price gained national attention when he raised all of his 120 employees wages to a minimum of $70,000 a year.
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, the brother claimed that Price paid himself excessively for a number of years.
Last week, Price won the suit filed by his brother, reports Geekwire's Todd Bishop. Bishop was also the one to spot Price's Facebook post about the Tesla.
Whatever Price's motives, many Gravity employees were thrilled with their bosses' 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 on his Facebook page.
A Tesla Model S starts at $70,000. Here's the Facebook post that shows off the car they bought him.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- 7 Best tourist places to visit in Rishikesh in 2024
- From underdog to superfood: Have millets finally managed to make a comeback?
- 7 Things to do on your next trip to Rishikesh
- RBI bars Kotak Mahindra Bank from onboarding new customers via online, issuing fresh credit cards
- GIGABYTE AORUS CO49DQ 49-inch QD-OLED 144Hz curved gaming monitor launched in India