Businessman Surprised His Employees and Distributed 26 Million Dollars in Cash
A Chinese company decided to distribute millions in cash among its workers amidst a global context marked by corporate adjustments and reduction of labor benefits. The scene, which seemed to be from a movie, occurred during a corporate party that became a trend on social media.
TL;DR
- Henan Kuangshan Crane Co. Ltd. distributed $26 million (180 million yuan) in cash to approximately 7,000 employees at its annual gala.
- Employees were allowed to take as much cash as they could carry from tables laden with money.
- The company's president, Cui Peijun, prefers distributing cash incentives for a more direct and memorable impact.
- In 2024, the company distributed $24 million of its nearly $38 million net profit to employees.
- Past incentives included gold bars, and the company has also made significant philanthropic donations.
- The cash distribution is intended to alleviate financial burdens for young employees facing mortgages and loans.