A CEO who made $1.
6 million in stock market in only eight days decided to give it to his hardworking employees.
Larry Connor, CEO and founder of The Connor Group, said: “I started to think about probably our most important core values: ‘do the right thing’ and ‘people count’. I’m taking the entire $1.6m and dividing it up among all of you. In my view, this is not a gift. You have earned it.”
He added: “We believe in leading from the front. And in trying times, that means more than just talking about the problem. It means taking action.”
Mr. Connor’s real estate company in Ohio has 400 employees, many of whom have continued to work despite Covid-19 pandemic.
When members of staff heard the amazing news, their shock was evident from the expressions on their surprised faces, with some crying and laughing while others couldn’t believe what was happening.
One employee said: “Larry, thank you so much. Oh my god! It’s so appreciated.”
Another said: “It has been an honor working here for this company. It really has. It really has.”
A third said: “Yeah, that sounds like Larry.”
The money will be distributed between his employees range from $2,000 to $9,000. They will be given to ‘non-highly-compensated’ staff.
According to USA Today, one of the employees who received a $3,000 bonus had joined The Connor Group in December after leaving the restaurant industry.
Mother-of-two Melissa Demoulin told the news outlet: “Just getting the news that he [Larry Connor] was doing that was a selfless thing. It’s so caring and so thoughtful that he wanted to take care of his people.
“You can say everything in the world, but just by doing that, actions speak louder than words. To take care of his people speaks volumes.”
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Replaced!