Wealthy CEO donates millions back to the employees
April 17, 2013
The CEO of the popular British retail store Next donated his $3.6 million dollar bonus back to the employees. Lord Wolfson said in an email that it was his way of giving back to the hard work of Next's employees during tough economic times.
Over 19,000 full time and part time employees who have been with the retail store since 2010 will receive an additional 1% of their current salary.
Next has been on the decline the past few years due to the economy and less consumer spending, but Wolfson was able to help turn it around this year.
"The task of growing sales and controlling costs looks set to remain a challenge over the next few years," said Wolfson. "But if we continue with the hard work, intelligence, initiative and common sense of recent years, then we have every chance of continued success."
This is a true act of leadership. Even to a wealthy CEO, $3.6 million is a great amount of money to give away.
Source: The Telegraph
Click Here For The Most Popular On Sunny Skyz
Breathtaking: Hilarious Realtor Video Edit By Gen Z Employee Goes Viral
Woman Discovers Common Food Ingredient As The Ultimate Mosquito Repellent
A Hilarious Dog Story Told In Four Photos
Florida Police Urge People To Stop Taking Selfies With Bears
Experience The Thrill Of Mountain Biking In The Dolomites - Without The Danger!
Tornado Disrupts Wedding, Sends Guests To Basement. They Turned It Into A Magical Night
Young Man's Act Of Kindness For Woman At Concert Makes Her Day
Young Boy's Clever Kitchen Drawer Prank Leaves Dad Questioning Reality
Every Time The Power Goes Out, He Takes His Generator To His Elderly Neighbor's House
Gorilla Melts Hearts With Sweet Gesture Towards Newborn Baby
Michael Jackson's 'Smooth Criminal' Comes To Life In Stunning Shadow Puppet Show