Thursday, February 19, 2009
Employee Appreciation 101
Here is a good old American success story that will get buried under the continuing saga of corrupt politicians, CEO's and bankers giving themselves huge bonuses with our money.
Leonard Abess Jr. the CEO of the Miami-based City National Bancshares retired and sold a majority stake of the bank. Rather than just pocketing the profits he did something rather unusual, he took $60 million out of his own pocket and gave it to the 399 workers on the staff and even 72 former employees that had been with him for a long time. This amounted to tens of thousands of dollars and in some cases, more than one hundred thousand.
I love one of his quotes: " I saw that if the president doesn't come to work, it's not a big deal, he said, But if the tellers don't show up, it's a serious problem."