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Maryland Company Paying Out $10 Million in Holiday Bonuses

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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. 

One comment

  1. Most companies don’t give anything out and this really is a one-off kind of story. The executives everywhere get all the bonuses and the employees get nothing for doing the actual work. Companies don’t want to even provide decent salaries these days and college graduates are found unemployed or working in fields that have no bearing on their majors. We need transformative change in the workplace today and have to abolish antiquated processes

    Like

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