Boss shares wealth with workers

2012-02-01 12:03
Sydney - Capitalism has turned on the charm with a Melbourne bus company owner sharing his wealth with the workers.

Grenda Corporation founder Ken Grenda was dubbed Australia's best boss on Wednesday after his 1 800 staff learned they had shared $16m from the sale of the company.

Some thanked heaven and wept with joy when an average of $9 000 showed up in their accounts. Others rang in to report what they thought must have been a payroll or banking error, the Herald Sun reported.

"A business is only as good as its people and our people are fantastic," 79-year-old Grenda said. "We have had people here who are second generation and one fellow in the same job for 52 years."

Even better: Grenda has won from the new owners an undertaking that all staff will be kept on.

Read more on:    australia

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Comments have been closed for this article.

Inside News24


Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.