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A CEO in the United States made $ 1.6 million (£ 1.3m) in the stock market due to recent volatility due to the coronavirus pandemic, and instead of adding it to his fortune, he decided to share it among his employees.
Larry Connor, founder of The Connor Group, owns and manages 14 high-end properties and told his employees that the address was a ‘pandemic upgrade’, before breaking the news.
Connor said. “I probably started thinking about our most important core values: ‘do the right thing’ and ‘people count.’ I’m taking the $ 1.6 million and dividing it among all of you. In my opinion, this is not a gift. You earned it. “
His Ohio-based real estate company employs 400 staff members, many of whom have continued to work during the threat of the coronavirus pandemic.
When the employees heard the news, their surprise was clear from the expressions on their faces, with some laughter and crying, but most of them apparently shocked by what they were hearing.
“Larry, thank you very much. Oh my gosh. It is much appreciated,” said an employee.
Another commented, “Yes, that sounds like Larry.
A third said, “It has been an honor working here for this company. It really has been. It really has been.”
The bonuses to be distributed among its staff range from $ 2,000 (£ 1,600) to $ 9,000 (£ 7,200) and will only be awarded to ‘non-highly paid’ employees.
USA Today reported that one of the staff members who would receive a $ 3,000 (£ 2,400) bonus had left the restaurant industry after 23 years and joined the Connor Group in December.
Melissa Demoulin, manages a property in Sycamore Township, a suburb outside of Cincinnati. Her husband has not worked in six weeks due to the coronavirus pandemic, and she has two young children.
She told the media: “I only received the news that he [Larry Connor] I was doing that it was kind of selfless. He is so thoughtful and considerate 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. Caring for your people says a lot.”
Connor added: “We believe in leading from the front. And in difficult times, that means more than just talking about the problem. It means taking action.”
Hopefully, this kind action will stimulate others to better care for their employees as the coronavirus pandemic continues to paralyze economies around the world.
