Sunday, February 15, 2009

Banker Gives $60 Million of His Own Money to His Employees

After selling a majority stake in Miami-based City National Bancshares last November, $60 million of the proceeds, out of his own pocket, got handed out to his tellers, bookkeepers, clerks--everyone on the payroll. All 399 workers on the staff received bonuses, and he even tracked down 72 former employees to give them bonuses.

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