Iowa Cubs owner hands out life-changing bonus checks
Michael Gartner, owner of the Iowa Cubs minor league baseball team summoned his employees to a staff meeting at Principal Park, the team’s stadium in Des Moines just three days before Christmas. The team's sale to a global sports and entertainment company had closed that day and Gartner told the employees he wanted to hand them out new business cards. But there were no business cards in the envelopes handed out. Instead, there were checks worth $2,000 for every year each employee had worked for the team- $600,000 in total for the 23 full-time workers.
Until the sale closed on Thursday, Mr. Gartner, has been the majority owner of the club for 22 years. He said that employees who work in maintenance, accounting, marketing and other areas were handed out checks for $4,000 to $70,000. Alex Cohen, 33, who has been the team’s radio broadcaster since 2018 says, "My jaw dropped. It’s an industry where you work really hard, and sometimes you don’t get compensated like that." He described the checks as a "life-changing gesture" for some longtime staff members.
He adds, "Seeing all the people who had been there for two decades, three decades, tears streaming down their faces, it was a very special, emotional day." Meanwhile, Mr. Gratner said on Saturday that sharing the proceeds from the sale "was the right thing to do." “A lot of those people have worked for us for over 20 years, and they’ve helped us build a successful team. They're just fantastic people", he says.
Source: The New York Times
He adds, "Seeing all the people who had been there for two decades, three decades, tears streaming down their faces, it was a very special, emotional day." Meanwhile, Mr. Gratner said on Saturday that sharing the proceeds from the sale "was the right thing to do." “A lot of those people have worked for us for over 20 years, and they’ve helped us build a successful team. They're just fantastic people", he says.
Source: The New York Times
Category
Succession Planning
Records & Reports
Leadership Development
Remote & Hybrid Work
Artificial Intelligence
Parental Leave
Open Enrollment
Flexible Spending Account
Salary Surveys
Opening & Closing
Disability Accomodations
Campus Placement
Benefits
Payroll
Workplace Stories
Consultation
Intellectual Property
Labor Relations
Policies & Practices
Religious Accomodations
Whistleblowing
Drug & Alcohol Testing
Educational Assistance
Mental Health Benefits
Organization & Employee Development
Job Descriptions
Promotion
Leadership &
Termination
Workforce Planning
Communication
Vendors & Software
Mental Wellness
Bonuses & Incentives
Workplace Harassment
Discrimination
Employee Handbooks
Health Care Benefits
Data Security
Employee Data Privacy
Business Acumen
Risk Management
HR Software
Hiring & Firing
Talent Acquisition
Job Applications &
Onboarding
Employee Surveys
Workplace Culture
Benefits Compliance
Tags
Article
Know the Work Habits of Highly Effective Employees
The employees are the most valuable assets of any organization. It’s their credibility, efficiency, ...
Tips for Staffing Agencies to Create a Competitive Advantage
Today, it is a $174 Billion industry and one of the leading B2B businesses in the US. Whenever HR p ...
Are 4 day work weeks the future?
Robert Owen, a Welsh textile mill owner, social reformer, and labor activist came up with a slogan ...
Top 5 Challenges of HR Professionals During COVID-19 Pandemic
When it comes to the talks of the unemployment rate due to COVID-19, experts compare it to the Grea ...
Comments