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Miami banker gives $60 million of his own to employees

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posted on Feb, 15 2009 @ 01:54 PM
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Miami banker gives $60 million of his own to employees


www.miamiherald.com

After selling a majority stake in Miami-based City National Bancshares last November, all he did was take $60 million of the proceeds -- $60 million out of his own pocket -- and hand it to his tellers, bookkeepers, clerks, everyone on the payroll. All 399 workers on the staff received bonuses, and he even tracked down 72 former employees so they could share in the windfall.

For longtime employees, the bonus -- based on years of service -- amounted to tens of thousands of dollars, some $100,000.
(visit the link for the full news article)




posted on Feb, 15 2009 @ 01:54 PM
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Wow, I really hope there are more people out there like this ... i really doubt it and i'm glad he did this i mean sure he probably has plenty of money still, but this is a very generous thing to do in such hard times. These are the stories people need to be hearing about in all of these hard times where there's no hope, some people, like this guy, give me some, but very little, hope that not all banking executives are greedy monsters ... what do you think?

www.miamiherald.com
(visit the link for the full news article)



posted on Feb, 15 2009 @ 01:58 PM
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thats pretty generous, but thankfully there are not more people like this cause our world would suck even more than it already does, imagine bubble wrap on all corners of everything and people being nice to each other.



posted on Feb, 15 2009 @ 02:13 PM
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This kind of generousity is definitely unnecessary. Sure it would make you some friends but it's counter-productive in general. Bonuses should be given based on merit, not because you're feeling Santa Claus.


Besides, he could have fed thousands of newly homeless who are queueing up for breadlines.

[edit on 2/15/2009 by eldard]



posted on Feb, 15 2009 @ 02:29 PM
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reply to post by eldard
 


he basically sold the business ... therefore possibly putting his employee's out of work so in these hard times i thought it was pretty nice of him instead of keeping it to himself like most of the banking industry does ... maybe he did this so his employees wouldn't have to be one of those in the breadlines....

[edit on 15-2-2009 by baseball101]



posted on Feb, 15 2009 @ 02:39 PM
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Originally posted by eldard
This kind of generousity is definitely unnecessary.


I beg to differ. We need generosity now more than ever because we need to grow up and realize that there isn't enough out there to satisfy everyone's individual wants. We can't all be rich and for every person who gains wealth in excess of what he or she needs, 100 people go hungry.

We live in a greed-based society; money drives everything. If it were any other banking exec he would have kept that money for himself and spent it on a sixth car or something.

Hopefully more people will see this guy's actions and start to realize that we're all in this together.



posted on Feb, 15 2009 @ 02:46 PM
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Just another wonderful reason I happily and proudly call the third world city state of Miami home. Many North East/European traditions on work and commerce and heirachy don't hold sway here. The citizens have a passion for life and gayity beyond that evidenced in most cities and places and a genuine and abiding love and loyalty for family and friends. Half the town robs from the rich to give to the poor and the other half generally applauds them. It's so popular in cases like this even the rich decide to give to the poor. The New World Order and the banksters certainly have and will always have it's hand's full with this town!



posted on Feb, 15 2009 @ 03:02 PM
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reply to post by eldard
 


Well, at one time being a long term employee in good standing was a meritorious act. But that was in a time when people honored ideas like loyalty.

As for making friends; in the coming days (weeks, months, years) garnering friends will be far more important than current standards of business which promote back-biting, sabotage and a general get-it-yourself attitude. As money has less value, true value becomes more apparent.



posted on Feb, 15 2009 @ 06:12 PM
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Originally posted by eldard
This kind of generousity is definitely unnecessary. Sure it would make you some friends but it's counter-productive in general. Bonuses should be given based on merit, not because you're feeling Santa Claus.


Besides, he could have fed thousands of newly homeless who are queueing up for breadlines.

[edit on 2/15/2009 by eldard]


Are we never satisfied? Do we really hate ALL bankers that much that when one does something good we say it's wrong?? OMG.. what is this? So what if he wanted to be Santa Claus, I bet his employees felt like he was Santa Claus and I bet he gave them alot of cheer! Yes he could have done 60 million other things with HIS money but he chose to give it to HIS employees. HIS choice! I find this to be a very nice gesture.



posted on Feb, 15 2009 @ 06:24 PM
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This is a very good thing.
How can anyone feel it isn't a very good thing?

Give - Give - Give.
Share - Share - Share.
More of this - less government control -
and we will be on our way to real independence.

In Peace - liking one another - with all that we need to survive.



posted on Feb, 24 2009 @ 02:45 PM
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Originally posted by ProtoplasmicTraveler
Just another wonderful reason I happily and proudly call the third world city state of Miami home. Many North East/European traditions on work and commerce and heirachy don't hold sway here. The citizens have a passion for life and gayity beyond that evidenced in most cities and places and a genuine and abiding love and loyalty for family and friends. Half the town robs from the rich to give to the poor and the other half generally applauds them. It's so popular in cases like this even the rich decide to give to the poor. The New World Order and the banksters certainly have and will always have it's hand's full with this town!


MINUS the citizens who still drive like they're still in a third world country then get mad and huff and puff at you for actually obeying traffic laws

*sigh*

on topic, I hadn't heard of this happening and I'm really glad there is still some semblance generosity left during this time.




[edit on 24-2-2009 by bandaidctrl]



posted on Feb, 24 2009 @ 03:21 PM
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Sometimes I think there are no good people left, and then I must ask myself "Am I a good person?" I don't have millions to give away, but this story should make us all ask what we DO have to give. It may not be money, but there is something each of us can contribute to the greater good, and doing so is sometimes mocked and occassionally applauded. What are YOU going to do for somebody else today?



posted on Feb, 24 2009 @ 05:52 PM
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And this is why we shouldn't force charity through taxes. If people have the money to give they will. It is a proven fact than when we are in good times Americans give out of their own pockets more than anyone else in the world. It's not enough to call forced charity through taxes 'socialism', it's down right theft.



posted on Feb, 24 2009 @ 05:59 PM
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And now the IRS steps in and takes up to 50% of each "bonus". Sorry the pessimist in me just had to. But on another note , this was very generous. It is good to see an employer taking care of his employees in these times.



posted on Feb, 25 2009 @ 01:12 AM
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reply to post by projectvxn
 


No, the American public just stands by the IMF, the government and World Bank ruining whole nations for our own greedy needs, as we put in our own dictators among other things. Then when people revolt, they're the savages.



posted on Feb, 25 2009 @ 01:28 AM
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He sure is a self-less boss. Indeed, this 'banker' did not need a government to tell him how to 'spread the wealth'.



posted on Mar, 5 2009 @ 03:45 AM
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reply to post by Iamonlyhuman
 


Au contraire. I love bankers. In fact, I love what they're doing to America.


It's just that I'm not a fan of generosity like this (unless I'm at the receiving end.
) If he gave a hundred grand to just one employee, just how many starving families could that money have fed?



posted on Mar, 5 2009 @ 04:08 AM
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Originally posted by eldard
This kind of generousity is definitely unnecessary.
........................................
Besides, he could have fed thousands of newly homeless who are queueing up for breadlines.


What?? 90% of all that money will drip right back into the economy - probably locally - proping up plenty of low paid jobs, the taxes will be paid, the wheels will be greased slightly. The people who now find them selves without a job because this guy had to sell up will not them selves become homeless before they find the next job... Nothing against homeless, but they had very nothing to do with that money, those employees are directly connected to it, and I expect they received a proportional share linked to time served and quality of service - a reward. apparently they smashed that mould after they cast that guy, it clearly had a fault - a heart!



posted on Mar, 5 2009 @ 04:32 AM
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The rich would be so much more inclined to do things like this, if only they weren't being slammed by stupidly high income taxes.

If you impose high taxes, don't expect generosity.

However if you eliminate taxes, I expect that the rich would still donate vast sums of money to charity. Not because they were forced to, but because they want to.

Think about Radiohead allowing people to pay whatever they wanted (even 1cent) for their album. On average, they got about $7. I think the stats show they made even more money by making it volutary rather than mandatory.

Charity = great

Taxes = immoral



posted on Mar, 5 2009 @ 04:41 AM
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reply to post by 44soulslayer
 


I don't know about this . what you say depends a lot on the moral values of a person .

while this is so for some (like Buffett,Gates type billionaire ,but not likes of those like Vijay Mallya,laksmi mittal and those russian gangster oilgrachs)





Charity = great Taxes = immoral


i think taxes should be reduced to 10% globally and certainly don't want bailouts ,these are going to aggravate the situation



[edit on 5-3-2009 by sadchild01]




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