Spanx founder rewards employees with first class tickets and $10,000

Oct 27, 2021
385 views
0 comments
Share
Payroll

To express her gratitude to her employees, Spanx founder Sara Blakely gave each of her 500 workers first-class plane tickets and $10,000 in spending money. Blakely revealed her rewards at a party last week where she also announced Blackstone was buying a majority stake in the Atlanta-based maker of slimming briefs, bras, pantyhose and other undergarments. This transaction values the company at $1.2 million and has Blakely keeping a sizable interest and continuing to run the company with the current management team. Once the deal closes, she will also be the chairwoman of the company.

To celebrate selling the majority stake, Blakely said that her employees were all getting two first-class plane tickets to any destination around the world along with $10,000 to cover all the costs of accommodation. When Blakely started Spanx in 2000, her goal was to one day be worth $20 million. She has ever since built a company that "delivers amazing products to women to use their very feminine principles in a very masculine space, which is business," Blakely said.

Source: CBS News

385 views
0 comments

Tags In

Education Board Exams

Previous days news

Oct 26 Oct 25 Oct 22 Oct 21 Oct 20

Best tech jobs in the United States : BLS data

Sep 06, 2022
819 views
0 comments
Background Checks

For several reasons, the IT sector is appealing to job seekers. ...Read more

Salaries for Californian fast food employees might rise to $22 per hour

Sep 06, 2022
698 views
0 comments
Background Checks

Despite the opposition of restaurant owners who worried it would raise customers' bills, California Governor Gavin Newsom on Monday signed a nation-leading law providing more than 500,000 fast food employees additional authority and rights. ...Read more

Workers leave as job dissatisfaction grows

Aug 17, 2022
870 views
0 comments
Background Checks

Demands for improved pay and workplace environments are coming from workers in California to New York. ...Read more

Microsoft offers graduates from African nations job prospects in the US & Canada

Aug 17, 2022
674 views
0 comments
Background Checks

New graduates from institutions in Nigeria and other African nations have been made aware of job prospects by Microsoft. ...Read more

Casper is hiring professional sleepers

Aug 10, 2022
938 views
0 comments
Background Checks

A mattress company is searching for a role where napping while working is not only acceptable but also required. 'Casper Sleepers' are being hired by Casper, a New York-based business established in 2014. ...Read more

Spanx founder rewards employees with first class tickets and $10,000

Spanx founder rewards employees with first class tickets and $10,000

Tags In

Others news

Category

Tags

Articles