Reality TV World Show Updates   People News   Spoiler News   Entertainment News   RealityTVDB   POP Hollywood   Reality TV News Wire
Features & Interviews   Sexy Social Pics of the Day   Things to Know Profiles   Message Boards   Shows Listing


Banker hands out $60M to workers

UPI News Service, 02/15/2009 

Past and present employees of Miami banker Leonard Abess Jr. say they were surprised when he gave his workers $60 million of his own money.

The Miami Herald reported Saturday that Abess passed out the $60 million to 399 current staff members and 72 former employees after selling his majority stake in National Bancshares.

The impromptu bonuses exceeded more than $100,000 in certain cases.

''I retired seven years ago, and all of a sudden I get this wonderful letter and phone call,'' Evelyn J. Budde, a former City National Bank of Florida vice president, said of the gift.

''I was shocked,'' said William Perry, another former vice president who spent more than 43 years working his way up the executive ladder after being hired as a janitor.

For Abess, who sold his 83 percent stake to the Caja Madrid banking group for $927 million last November, it was a way of giving back to his loyal workers.

''Those people who joined me and stayed with me at the bank with no promise of equity -- I always thought some day I'm going to surprise them,'' he told the Herald.

Get more Reality TV World! Follow us on Twitter, like us on Facebook or add our RSS feed.

Copyright 2009 by United Press International


Take Our User Survey

Page generated Fri Apr 27, 2018 1:11 am in 3.3701791763306 seconds

About Reality TV World   •   Advertise on Reality TV World  •   Contact Reality TV World  •   Privacy Policy   •   RSS Feed