In this current business environment where bonuses are a bad word – this is a wonderful story.

Leonard Abess, CEO of Miami based City National Bank sold a minority stake in his bank and shared 60M of the proceeds with employees from City National. In total this $60M was distributed among 399 current employees and 72 past employees. That is one hell of a gesture. I would have doffed my proverbial hat right here but then Leonard, in an interview on ABC News references this event and says “I prefer to live in a world where this is ordinary.” WOW!

I have been left speechless.

This is the link to an interview given by Leonard Abess to Knowledge@Wharton. Please read it if this article caught your fancy too.

I wish employers in India read about Leonard and evaluate how their attitudes towards existing employees.

Ciao.