CEO gives $1.6M he made in stock market to his employees

[Tek]

Don’t you hate the kind of boss or employee who brags about how much money he or she made in the stock market?

You won’t hear that complaint from Larry Connor’s employees.

Connor, the owner of Miami Twp.-based real estate investment firm, The Connor Group and a major philanthropist in the Dayton region, last week made a companywide announcement that he’d made $1.6 million on the stock market in the span of eight days.

He then informed his employees that he’d be paying out every dime of it in bonuses to them, for their work and dedication throughout the coronavirus outbreak.

“These are challenging times,” Connor said to his employees. “But the way our people have responded has been nothing short of heroic. Our No. 1 core value is ‘Do the right thing.’ So when I think about how I made the money compared to what our associates do on every day, to me, (paying the bonuses) was the right thing to do.”

The Connor Group owns and operates luxury apartment communities in 14 markets around the U.S. and has roughly 400 associates. Bonuses ranged from $2,000 to $9,000.

In addition to the work at its properties, the company’s nonprofit arm, The Connor Group Kids & Community Partners, also has responded to the outbreak. Earlier this month it announced an initiative to provide more than $1 million in goods and services to Dayton-area students – supplying groceries and in-home WiFi to underserved families affected by the outbreak.

GDPR Support

www.daytondailynews.com

 

[GameWise]

It's kind of like you are not a human unless you are an employee.
Employee with a greater income is kind of like more of a human.