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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsGenerous boss gives staff a $15 million bonus
Bus operator Ken Grenda says the gross disparity between chief executive and employee salaries was one of the reasons he decided to divvy up $15 million of his company to his staff.
The 79-year-old boss handed out an average of $8500 to each of his 1800 employees using the proceeds of the sale of the family owned business.
Workers thought their banks had made an error when they discovered thousands of dollars in their accounts.I get totally dismayed when you see some of the salaries the CEOs get paid, he told radio station 3AW this morning. It is far beyond what somebody is worth.
Read more: http://www.smh.com.au/business/generous-boss-gives-staff-a-15-million-bonus-20120201-1qry7.html#ixzz1l8MX3d7f
A result of Occupy?
BumRushDaShow
(129,053 posts)IMHO, a result of his generation's upbringing.
ejbr
(5,856 posts)that's why we have heard so many similar stories prior to now.
hobbit709
(41,694 posts)JNelson6563
(28,151 posts)What a guy! Bravo Mr. Grenda, bravo!
I hope others follow his example.
Julie
rfranklin
(13,200 posts)Australian beer, yum!
Patrick_Bateman
(47 posts)who can sleep at night. Bravo!