Stories Related to Banker Gives $60 Million Of His Own Money To His Employees

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.

RELATED ARTICLES
BING NEWS:
  • Are University Athletes About to Earn a Big Payday?
    A $2.8 billion class-action settlement proposal could finally erase the notion that college stars are amateurs — though the plan has drawn skeptics.
    05/24/2024 - 12:38 am | View Link
  • Record number of 401(k) savers have balances over $1 million
    They are still a very small minority in the 401(k) universe, but there were a record number of 401(k) participants with balances over $1 million at the end of the first quarter this year, Fidelity ...
    05/23/2024 - 11:30 pm | View Link
  • A mega-gift for an HBCU college fell through. Here's what happened — and what's next
    To people who watch high-level philanthropy, Florida A&M's embarrassing incident wasn't only a shocking reversal. It was something they've seen before. The school is now investigating what went wrong.
    05/23/2024 - 10:00 pm | View Link
  • Eagle in Maryland gains 'flexibility' to raise capital after loss
    The bank took a big hit on an office property in Washington, D.C., during the first quarter. This month, it filed a shelf registration statement for an offering of up to $150 million that could be ...
    05/23/2024 - 9:03 am | View Link
  • TD's U.S. expansion plans called into question amid regulatory troubles
    Executives at the Toronto-based bank said last year that they planned to add 150 branches in the United States. But when pressed on Thursday, they could not say how much they'll scale back their ...
    05/23/2024 - 8:48 am | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News