Reality TV World People News   Ratings News   Scheduling News   Application News   Spoiler News
Show Updates   Features & Interviews   Image Gallery   Message Boards   Shows Listing

HOME > OTHER ENTERTAINMENT NEWS > Quirky NEWS

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.

ADVERTISEMENT
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.


DISCUSS AND COMMENT ON THIS STORY
Reality TV World now offers Facebook Comments on our stories. To post a comment, log into Facebook and then 'Add' your comment. To report spam or abuse, click the 'X' in the upper right corner of the comment box.


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 in 0.054232835769653 seconds
About Reality TV World   •   Advertise on Reality TV World  •   Contact Reality TV World  •   Privacy Policy   •   RSS Feed