A real estate company in Maryland paid out over $10 million in holiday bonuses to 198 of its employees this month.
Some individuals received up to $250,000 as a pay out for their hard work and dedication to the company, according to a press release issued by the company earlier this week.
St. John Properties, the Maryland-based firm, used the $10 million to reward their employees after the company reached a milestone of developing 20 million square of feet of property in eight different states.
“To celebrate the achievement of our goal, we wanted to reward our employees in a big way that would make a significant impact on their lives,” said Edward St. John, the company’s founder and chairman. “I am thankful for every one of our employees, for their hard work and dedication. I couldn’t think of a better way to show it.”
The bonuses were handed out at the company’s holiday party and are being paid in addition to St John’s annual year-end bonus.
“My philosophy has always been to surround myself with the best and the brightest – and that is what we have done. Every professional at St. John Properties is committed to excellence every day,” St. John continued.
The average employee received $50,000 in the giveaway. The bonus amounts were first revealed to the workers in red envelopes that were given out at the party.