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Posted on 2/18/2009 10:32:00 AM by News Blogger and filed under , , ,
Here is an interesting concept, run your business well, and reward your workers. That is the tact that Leonard Abess Jr. recently took. Abess, the former owner of Miami-based National Bancshares, recently sold a majority of his company, and did something amazing…he did the right thing by his employees.

He took $60 million of his own proceeds and gave it as bonuses to his 399 employees and 70+ other former employees that he tracked down. What’s more, this guy gets it, look at this quote:

''I saw that if the president doesn't come to work, it's not a big deal. But if the tellers don't show up, it's a serious problem.''


That’s right, it is the bees that build the hive, not the Queen (or in our case, our King). Now, I know you are all thinking, aren’t you the one always rambling about the new culture of wealth sharing. Nope. I am the one railing on big government dictating how the free market operates.

Mr. Abess is as far from a socialist as you can get. He recognized who deserved to be compensated and did so of his own free will. That is capitalism at its finest.

Bravo to you, Mr. Abess.


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Response to ... …And he didn’t need TARP money
Anonymous said... February 18, 2009 at 11:14 AM

Bravo indeed. Thanks for not running your company into the ground and then taking a golden parachute paid for via layoffs of the rank and file.

This guy should be nominated for Sainthood. At the very least a Nobel prize of some sort.

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