Big News at Company Party: Bonus Pool Is $10M

St. John Properties met a goal it's been working toward for 14 years
By Kate Seamons,  Newser Staff
Posted Dec 10, 2019 2:47 PM CST
Baltimore Company Settles on Big Bonus Number: $10M
The bonuses average $50K each.   (Getty Images)

St. John Properties is a company 198 people can claim to work for, and they're likely 198 very ecstatic people following the Baltimore developer's announcement that it has paid out a total of $10 million in bonuses. The news comes in response to the company hitting its stated goal of developing 20 million square feet of space across eight states—a feat founder Edward St. John thought might take 40 years, reports the Baltimore Sun. Instead, the company managed it in just 14, so he wanted to do something big.

Fox Baltimore reports the awards are based on years of employment with the company, with the average bonus clocking in at $50,000. Employees learned of their windfall at the company's holiday party on Saturday, WBAL reports, when each was handed a red envelope with a check inside. And there's a cherry on top, per the Sun: Employees will also receive their traditional year-end bonus. (This company paid out its bonuses in a highly unusual way.)

Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.