{"id":25041,"date":"2020-05-04T10:22:30","date_gmt":"2020-05-03T22:22:30","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=25041"},"modified":"2020-05-04T10:22:40","modified_gmt":"2020-05-03T22:22:40","slug":"real-estate-ceo-makes-1-6m-off-volatile-stock-market-during-pandemic-gives-it-all-to-employees-watch","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/real-estate-ceo-makes-1-6m-off-volatile-stock-market-during-pandemic-gives-it-all-to-employees-watch\/","title":{"rendered":"Real Estate CEO makes $1.6M off volatile stock market during pandemic, gives it all to employees | WATCH"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>PHOTO:  Stock Market<\/strong><\/p>\n\n\n\n<p class=\"has-drop-cap wp-block-paragraph\">The CEO of an Ohio-based real estate investment firm made $1.6 million in just eight days as the volatile stock market fluctuated drastically in response to the coronavirus pandemic. But rather than keep the\u00a0money\u00a0himself, he is\u00a0giving\u00a0it out as bonuses to his employees.<\/p>\n\n\n\n<figure class=\"wp-block-embed-youtube wp-block-embed is-type-video is-provider-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"$1.6 Million in Surprise Bonuses\" width=\"1380\" height=\"776\" data-src=\"https:\/\/www.youtube.com\/embed\/zuBUeRSAqO0?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" data-load-mode=\"0\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Larry Connor, the founder and owner of The Connor Group,&nbsp;<a href=\"https:\/\/www.youtube.com\/watch?time_continue=2&amp;v=zuBUeRSAqO0&amp;feature=emb_logo\" target=\"_blank\" rel=\"noreferrer noopener\">announced the decision in a video&nbsp;to employees<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;I started to think about probably our most important core values: Do the right thing and people count,&#8221; he\u00a0says in the video. &#8220;I&#8217;m taking the entire $1.6 million and dividing it up among all of you. In my view, this is not a gift. You have earned it.&#8221;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/propertynoise.co.nz\/au\/mortgage-broker-richard-puseys-mother-calls-radio-station-to-disown-her-son\/\"><img decoding=\"async\" data-src=\"https:\/\/i2.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2020\/04\/Richard-Pusey.jpg?resize=460%2C270&amp;ssl=1\" alt=\"Richard Pusey\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" \/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><a href=\"https:\/\/propertynoise.co.nz\/au\/mortgage-broker-richard-puseys-mother-calls-radio-station-to-disown-her-son\/\">Mortgage Broker \u2013 Richard Pusey\u2019s mother calls radio station to DISOWN her son<\/a><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.usatoday.com\/story\/money\/2020\/04\/30\/larry-connor-stock-market-gives-back-employees\/3054949001\/\" target=\"_blank\" rel=\"noreferrer noopener\">According to a report by the Cincinnati Enquirer<\/a>, the company will give the funds out in bonuses ranging from $2,000 to $9,000, and they&#8217;ll go to all &#8220;non-highly compensated associates.&#8221; There is a tiered system of bonuses, based on how long people have been with the company and their position.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Associates who make more than $150,000 annually were not eligible.&nbsp;The median salary of associates who received bonuses is roughly $42,000, company spokeswoman Amanda Brown&nbsp;<a href=\"https:\/\/www.cnn.com\/2020\/05\/01\/us\/boss-gives-1-6-million-to-employees-trnd\/index.html\" target=\"_blank\" rel=\"noreferrer noopener\">told CNN in another report<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Employees reacted with shock, joy and tears in\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.youtube.com\/watch?time_continue=2&amp;v=zuBUeRSAqO0&amp;feature=emb_logo\" target=\"_blank\">the video<\/a>\u00a0shared by the company.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">READ MORE VIA <a rel=\"noreferrer noopener\" href=\"https:\/\/thehill.com\/homenews\/news\/495780-real-estate-ceo-makes-16-million-off-volatile-stock-market-during-pandemic\" target=\"_blank\">THE HILL<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">MOST POPULAR<\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/propertynoise.co.nz\/au\/i-wont-leave-bali-resorts-offer-tourists-incredible-deals-amid-covid-19-crisis\/\"><\/a><a href=\"https:\/\/propertynoise.co.nz\/au\/i-wont-leave-bali-resorts-offer-tourists-incredible-deals-amid-covid-19-crisis\/\">&#8216;I won&#8217;t leave! 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&rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":25042,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478108952,478109502,478098980,478099004],"class_list":["entry","author-data123nz","post-25041","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-covid-19","tag-ohio","tag-real-estate-industry","tag-stock-market"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Real Estate CEO makes $1.6M off volatile stock market during pandemic, gives it all to employees | WATCH - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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