'Tis the season for giving, but a handful of companies appear to be feeling extra generous.
The latest? Integrity Marketing Group, a distributor of life and health insurance products based in Dallas, revealed an employee ownership plan where all 750 of the company's workers have a stake in the firm.
As part of the shift, Integrity also says it has retroactively paid out almost $50 million to employees.
"With this groundbreaking plan, our most valued stakeholders – our employees – can now become partners in our tremendous success with this great company," Bryan W. Adams, co-founder and CEO of Integrity, said in a statement.
The company says it has experienced significant growth over the past three years, with earnings increasing more than 800% over that time.
It's the latest goodwill gesture from a company to its employees. Earlier this week, a Maryland real estate company revealed it surprised all 198 of its employees with a shared $10 million bonus.
Meanwhile, Michigan-based United Shore gave away 13 Cadillacs and 30 cruises to the Bahamas to employees after a record-breaking year.
Follow Brett Molina on Twitter: @brettmolina23.
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December 14, 2019 at 02:52AM
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