John Properties employees receive $10M in bonuses

Company surprises its 198 employees with $10 million bonus

St. John Properties says only five employees at the company knew about the bonus - which will be paid out in addition to the company's annual year-end bonus - in advance of the surprise announcement.

The smallest bonus was $100, given to an employee who started his job the Monday after the holiday party, according to Maykrantz.

The bonus will be split among the employees, and the amount allocated will be based on years of service.

Some employees received a 6-figure bonus.

"What happened tonight was magical", said 19-year company veteran Danielle Valenzia.

The company reached the goal, which they set in 2005, earlier this month.

"I could not believe what I saw". I don't even have words to properly describe how I felt, it was just unbelievable and incredible. "I'm shocked, very thankful". "I heard over and over again that night that this was a life-changing event".

He noted the company made a decision to thank all the employees for helping it achieve its goal. But then they were told to look inside the red envelope that each person was handed at the St. John's Properties Christmas party.

Company founder and chairman Edward St. John said that the amount each employee will receive depends on tenure - with an average bonus of $50,000.

For the first time in company history, St John Properties, which has eight different branches, flew in all their out-of-state employees and their guests.

"We are so proud of our employees".

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