Biz that Gives
Spanx CEO gives all employees $10,000 cash plus first-class plane tickets [Video]
- Spanx’s CEO Sara Blakely is probably going down in history as one of the year’s best bosses ever.
- Sara surprised all of her employees with two first-class plane tickets to travel anywhere in the world.
- She also gave them $10,000 each to spend on the trip.
Spanx’s employees are getting free trips around the world.
Last week, Spanx founder and CEO Sara Blakely surprised all her staff with first-class plane tickets to anywhere in the world plus $10,000 in spending money. Everyone couldn’t believe it as the room was filled with ecstatic smiles, cheers, dropped jaws, tears and hugs.
Spanx had made a deal with private equity firm Blackstone and the shapewear company was valued at $1.2 billion.
Sara, a self-made businesswoman of the billion-dollar company, shared a video on Instagram of her telling employees about the gift and showing their reaction.
“Behind the scenes @spanx telling the employees (some live and some on zoom) about the sale and partnership with Blackstone,” Sara wrote. “It was an emotional announcement filled with happy tears acknowledging how far we’ve come.
“And then the tears really started to flow when I surprised everybody with 2 first class @delta plane tickets to anywhere in the world and $10,000 cash to spend on the trip. I really want every employee to celebrate this moment in their own way and create a memory that will last them a lifetime! Cheers to 21 years of magic and many more to come …. ????”
The 50-year-old CEO started the company with $5,000 of her savings and ended up becoming a self-made billionaire.
“When I first started Spanx, I wrote one goal down that this company will one day be worth $20 million,” she says in the video. “Everybody laughed at me.”
After toasting to her employees and the women who came before her, Sara shares that she is giving them the trip of a lifetime and a nice stack of money to enjoy it.
Once they dab their tears and pick their jaws off the floor, several employees share where they are heading. Some are heading to South Africa, Croatia, Antarctica, a honeymoon in Bora Bora and an elopement in Sweden. That’s all thanks to Spanx.