Photo of Chinese CEO gives employees cash bonus
Screengrab

A Chinese CEO gave his 7,000 employees cash bonuses they will never forget.

According to a report by the South China Morning Post, Cui Peijun, CEO of Henan Kuangshan Crane Co., Ltd., spread $26 million in cash on 800 banquet tables and told his employees to grab as much money as they could carry.

Viral videos show workers walking away with bags full of cash. Some workers grabbed stacks of cash in their arms.

The company gave away money and gifts while hosting its yearly celebration on February 13.

Approximately 7,000 employees attended the event, where the company placed 180 million yuan ($26 million USD) on 800 banquet tables.

Cui said he understands his employees are burdened by mortgages, car loans, and the rising cost of living in China.

“It is not that I love giving out money, it is that young people are burdened with car loans and mortgages, and any relief we can offer helps,” he said.

Exemplary employees were invited on stage to receive their gifts, while other employees counted the money on tables. Whatever amount they counted, they could take home.

The gifts ranged from a trip to Barcelona, a Range Rover Evoque, new appliances, Ninja gadgets, iPhones and iPads.

During the celebration, Cui said, “Why are we giving out washing machines? Do you think gold prices have gone up? In previous years, we gave necklaces and rings, bring up the cash and give everyone another 20,000 yuan (US$2,800).”

Only 10 million yuan ($1.4 million USD) cash was left on the tables after the employees left with what they could carry.

The company reported an annual profit of around 260 million yuan ($38 million USD) last year, the South China Morning Post reported.

Watch the video below.