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25th Oct 2021

CEO gives workers $10k and first class tickets to anywhere in the world

Kieran Galpin

Spanx

An extra 10-minute break seems pretty rubbish now

Most of us are used to the occasional free mug or perhaps even a free cup of coffee after some particularly hard work – but employees at Spanx were given some pretty hefty bonuses after the company value hit $1.2 billion.

After the investment firm Blackstone copped the majority of their stock, the CEO of Spanx, Sara Blakely, gave her employees the mother of all bonuses. There were no tote bags or free lunches in store for Spanx workers because Blakely instead gifted them two first-class tickets to a destination of their choosing – and $10,000 spending money.

My ‘Best Employee Ever’ mug seems a little cheap now.

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It is believed that during a staff meeting, Blakely teasingly played with a globe asking: “Why am I spinning the globe?

“I have bought each one of you two first class tickets to anywhere in the world,” she added, according to Indy.

With her staff shell shocked, Blakely continued: “If you go on a trip you might want to go out to a really nice dinner, you might want to go out to a really nice hotel and so with everybody’s two first-class tickets to anywhere in the world you are each getting $10,000.

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“With all my heart I love this brand. With all my heart I will continue to love this brand. I will remain a significant shareholder and continue to help the business fulfil its greatest potential, as well as continue to fulfil my greatest passion – elevating women,” she wrote in a celebratory Instagram post.

But Blakely also took the time to celebrate women in business.

She added: “This is a very big moment for each and every one of you and I want to also toast the women that came before me and all of the women in the world who have not had this opportunity.

“So at a moment like this, I think of my mom and my grandmother and their lack of options and all the women that came before them.”

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