A real estate CEO made $1.6 million in the stock market. Then he gave the money to his employees

You can buy a lot of things with $1.6 million: a fancy car, a big house and maybe even an early retirement. It's a one-way ticket to the good life.

When Larry Connor made that sum over eight days of coronavirus volatility in the stock market, he decided to give it back to his employees. Connor, the owner and founder of The Connor Group, an Ohio-based real estate investment firm, captured the shock and gratitude of employees during his video announcement of the bonuses.The company, which employs roughly 400 associates, has continued to keep its luxury apartment communities open as an essential business during the Covid-19 outbreak.

Company surprises employees with $10 million in bonuses 01:13The company will pay out the bonuses, which range from $2,000 to $9,000, to all"non-highly compensated associates," according to the company news release. The payouts were calculated on a tiered system based on position and longevity, said company spokeswoman Amanda Brown, adding that associates who made more than $150,000 were not eligible. The median salary of associates who received bonuses is roughly $42,000, she said.

Compassionate leadership!

Good video

I guess all of them aren't greedy. If these companies can pay their top executives millions, they can surely pay their employees making $12/hr. They're cutting pay raises that take employees from $12/hr to $12.25, but taking million dollar bonuses twice a year for themselves!

Ok. And?

Richard Branson you watching?

What an uplifting story. Hopefully true. Congress could take a cue from this guy and forgive the compensation they haven't earned during 2020, and have it donated to people on the front lines who have not only worked, but put themselves in danger to help others.

angie_keathly 👏👏👏👏👏👏👏👏👏👏👏👏

Wow! This is amazing!I wish I had a boss like this one.

👍👍👍👍🙏🙏🙏🙏🙏🙏♥️♥️♥️

Investigate and prosecute his ass! Under the Logan act nobody can do anything to help their country without Federal approval!!!!!!!!!!!;/'/7_)9'4:6)'$-'327((

$4000 /one person

For those who don't know and are too shy to ask - that's $4,000 per person.

That's one hell of a guy! Wish there were more people like him out there in this world.

Bonuses are nice but my question is does he give them a living wage and decent benefits all the time.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Oil and gas companies set to lose $1 trillion in revenues this yearThe energy sector is shrinking so dramatically that it's become the second-smallest group in the whole S&P index. Only cure for Low Prices is Low Prices. It is going to hurt, tho. Don’t care. They can dig into all the profit from years of doing so well. I guess we won’t be able to produce the gas guzzlers Trump wants after all.
Source: CNBC - 🏆 12. / 72 Read more »

Public companies received $1 billion in stimulus funds meant for small businessesNearly 300 public companies got more than $1 billion in stimulus funds, leaving some small businesses without, Post analysis shows Under the Trump regime, the rich get richer. America’s billionaires wealth rose more in the last 3 weeks than then they accumulated in the last 30 years leaving some hungry and destitute. “some” is doing some real heavy lifting
Source: washingtonpost - 🏆 95. / 72 Read more »