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Post by cliffs on Nov 22, 2018 10:02:59 GMT -5
Mark Baiada, the chairman and founder of Bayada Home Health Care, a reported $1.4 billion private-nursing company in Philadelphia, announced the gift Tuesday during a staff holiday luncheon at the Bellevue Hotel in Philadelphia.
“I’m taking $20 million, dividing it up and giving it to everybody,” Baiada told the 100-person crowd, according to Philadelphia news outlet CBS Philly. “I wanted to show some gratitude to everybody for all the hard work you’ve done taking care of our clients.”
The money was distributed to 32,000 employees and allocated depending on years of service — new hires received $50, and longer-term workers received upwards of tens of thousands of dollars. Even retirees who left the company after 2010 were beneficiaries of the gift, Baiada, 71, a father of five, tells Yahoo Lifestyle.
“These are everyday people who work hard in a low-margin service business — I’m honored to work with them,” Baiada tells Yahoo Lifestyle. “I don’t go to patients’ homes much, but my employees are there every day.”
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Post by joegolferg on Nov 22, 2018 10:13:17 GMT -5
Imagine if all capitalists had this mindset... Although the staff are only getting back some of their surplus value labor, it is a nice little act of socialism from that bloke.
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Post by Deleted on Nov 22, 2018 10:26:03 GMT -5
If more rich people were like this, trickle down economics might actually work.
Sadly, he’s the exception rather than the rule.
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