Larry Connor, CEO of the Connor Group, has made substantial money on the stock market in just 8 days. Connor, who is the owner of Miami Twp.-based real estate investment firm, The Connor Group, and a major philanthropist in the Dayton region, made an announcement that he has made $1.6 million on the stock market last week.
While he was overwhelmed by his gains, he selflessly decided to distribute the same among all his employees.
As reported by CNN International, Conor acknowledged the challenging times we are living in currently. He also expressed that the way people have responded has been nothing short of heroic.
He further added, ‘Our No. 1 core value is ‘Do the right thing.’ So when I think about how I made the money compared to what our associates do on every day, to me, (paying the bonuses) was the right thing to do.’
He then informed his employees that he’d be paying out the entire amount as bonuses to them for their work and dedication throughout the coronavirus outbreak.
This CEO made $1.6 million in the stock market in just 8 days. He’s giving it all to his 400 employees. https://t.co/mVG5fxfxRG pic.twitter.com/jR5XS3wpb2
— CNN International (@cnni) May 2, 2020
The Connor Group owns and operates luxury apartment communities in 14 markets around the U.S. and has roughly 400 associates. Bonuses ranged from $2,000 to $9,000.
Apart from this, the company has also been paying unexpected childcare expenses for all employees and has even expanded its associate loan program.
Earlier this month, the company’s nonprofit arm, The Connor Group Kids & Community Partners, announced an initiative to provide more than $1 million in goods and services to Dayton-area students, supplying groceries and in-home WiFi to underserved families affected by the outbreak.
