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
Vendors & Software
Business Continuity
Flexible Spending Account
Fiduciary Duty
Overtime Eligibility &
Parental Leave
Networking
Records & Reports
Retaliation
Communication
Hiring & Firing
Age
Employment Offers
Ethnicity
Background Checks
Time Worked
Employee Surveys
Sexual Orientation
Employment Contracts
Organizational Structure
Communicable Diseases
Environmental Health Hazards
Organization & Employee Development
Bonuses & Incentives
Downsizing
Performance Management
Closing
Health Care Benefits
Emergency Response
Global Mindset
Remote & Hybrid Work
Disability Benefits
Affirmative Action
Recruiting
Retention
Employment Law & Compliance
Severance Pay
Intellectual Property
Disability Accomodations
Termination
Electronic Records Management
Investigations
Employee Relations
Employee Engagement
Teamwork
HR Software
Firing
Leadership Development
Policies & Practices
Overtime Pay
Tags
Article
Gig Economy and Its Impact on Staffing Firms
With over 20.5 million US workers losing their jobs in April 2020 during the national lockdown, man ...
Did You Lose Your Job During COVID-19? Here’s What to Do
First of all, know that you’re not alone in this. About 20.6 million Americans have lost their jobs ...
A Guide for HR Professionals to Ensure Diversity and Inclusivity at Workplace
One of the key responsibilities of HR teams is to ensure a diverse workplace and manage it effectiv ...
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 ...
Comments