Lee Schoenherr, CEO of a family company shared $4 million in bonuses with his employees

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Lee Schoenherr, CEO of a family company shared $4 million in bonuses with his employees

Lee Schoenherr (82), the Chairman of FloraCraft, a family company which produces foam products has shared $4 million with his 200 employees.

Lee Schoenherr is the owner and chairman on FloraCraft, a family company based in Michigan which was founded in 1946. These bonuses were unexpectedly announced on December 14 during the company holiday luncheon.

Lee Schoenherr announced that all employees apart from those in management position will receive between $20,000 or Ksh 2 million to $60,000 or sh 6 million in bonuses. The rather will be received by employees who have served the company for over 40 years.

The company has a very interesting history considering that no one has ever been laid off and the average employee tenure is 9 years.

This is a very generous gift in form of bonuses to employees.

Employees of FloraCraft during the Company holiday Luncheon on 14 December 2018
Photo: Employees of FloraCraft (a family company in Michigan) during the Company holiday Luncheon on 14 December 2018

Merry Christmas to all employees of FloraCraft.

About FloraCraft: “FloraCraft is a family-owned and Michigan-based company…world’s leading manufacturer of foam products for the craft and floral industries.” – source: Company website

FloraCraft has an impressive history. Click here for more info about the company.

Which is the most generous employee bonus you have heard about in your country? Share in the comments section below.

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Editor-in-Chief

Geoffrey Kerosi is a prolific Kenyan writer based in Nairobi City. Email: info@kerosi.com. Skype: gkerosi Whatsapp: +254713 639 776 YouTube: Kerosi TV

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