Monday, February 16, 2009

Leonard Abess Gives Away $60 Million To Employees After Selling Bank!

Miami Banker, Leonard Abess took $60 million of the sale proceeds after selling Miami-based City National Bancshares last November, and distributed the money to his bank employees. 399 workers on his staff and 72 former employees benefited from the proceeds. Spanish bank Caja Madrid purchased an 83% stake in the company for $927 million. Truly a great story of respecting and caring for employees and sharing the wealth. Thanks to the Miami Herald for the story.

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