The owner of the American property developer St. Johns Properties yesterday made employees cry out of happiness. The boss of the company, Edward St. John, distributed $ 10 million (€ 9.8 million) to 198 employees at Christmas. So an average bonus of around 50,000 dollars.
Not everyone benefits equally from the Christmas bonus. The amount of the bonus depends on the number of years of service at the company. For example, a technician who has been with the project developer for 39 years receives $ 270,000. An employee who starts the first working day after Christmas gets 100 dollars.
"When I opened the envelope, I couldn't believe my eyes," said Stephanie Ridgway, a project manager at the company, to CNN . "I don't have the words to describe exactly how I felt, it was just great. The Christmas bonus is definitely life-changing."
The bonus was presented mysteriously. The employees received a red envelope pressed into their hands, which could only be opened after the speech. After praising the work of the company, St. John announced the Christmas bonus.
The reason for the high Christmas bonus was the growth of the company's portfolio. The portfolio now amounts to 1.86 million square meters. This has doubled the portfolio of the project developer in fourteen years.