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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCEO made $1.6 million in the stock market, then gave it to his employees
So, Rich Guy takes advantage of recent market volatility and makes a few transactions. In eight days, Rich Guy makes $1.6 million, more than the average American will earn in 20 years. Happens every day. Rich Guy gets a little richer. What else is new?
Wait.
Rich Guy, also known as The Connor Group founder and CEO Larry Connor, got to thinking. How could he show appreciation to his people: maintenance workers, property managers, trainers. All have worked through the threat of COVID-19. They are deemed essential. The Connor Group operates higher-end apartments in 14 markets.
So, the company called an all-staff meeting disguised as a pandemic update. Connor spoke. "I started to think about probably our most important core values: Do the right thing and people count. I'm taking the entire $1.6 million and dividing it up among all of you. In my view, this is not a gift. You have earned it," he said.
The moment was recorded.
Some employees wept. Some laughed. Some of them opened their eyes as wide as saucers. Most couldn't believe what they were hearing.
https://www.msn.com/en-us/money/companies/ceo-made-dollar16-million-in-the-stock-market-then-gave-it-to-his-employees/ar-BB13qt94?li=BBnb7Kz
ProfessorGAC
(65,013 posts)Thanks for posting.
Connor's all right!
lapfog_1
(29,199 posts)from his employees.
Watch the video of the announcement.
MontanaMama
(23,314 posts)I swear any little act of kindness these days overwhelms me. Thank YOU!
PoindexterOglethorpe
(25,855 posts)I predict we are going to see more of this kind of thing. Yeah, there are going to be the asshole CEOs who will grab everything for themselves, but haven't we already seen a number of stories of rich and prominent people doing good?