A Texas oil mogul is giving his 1300 plus employees $100,000 Christmas Bonus.
As the Houston Chronicle reported in their annual Top Workplaces
in November, Jeffrey Hildebrand, owner and CEO of oil and gas company
Hilcorp, issued every one of his 1,399 employees bonus checks in April
after the company met their annual goals with eight months ahead of
schedule.
From the Chronicle:
Hilcorp CFO Shelbie Dezell said it was no easy task, but the employees did everything in their power to make it happen.
“It was a stretch goal to meet that,” she said. “We looked at it
every month and talked about it every month. Then we had a huge
celebration in the corporate office and in the field after we made it.”
Dezell said receiving a $100,000 bonus check was a “life-changing”
event for many of the company’s employees. She said some used the money
to pay off debt, others to fund college for their children, and still
others to purchase new homes.
The goals met by the company included doubling its oil field
production rate, net oil and gas reserves and equity value over five
years.
More than 400 of the company’s employees are based in Houston and it
operates oil and gas exploration properties across Texas, Louisiana,
Alaska and the Northeast, according to the Chronicle. image: http://i1.wp.com/herald365.s3.amazonaws.com/wp-content/uploads/2015/12/24095526/920x920.jpg?resize=920%2C610 Hildebrand is full of Christmas cheer
This isn’t Hildebrand’s first time to reward his employees with something out of the ordinary.
In 2010, Hildebrand offered each of his employees a choice of $35,000 cash of $50,000 toward a new car, according to Forbes, who asked the question “What oil bust?” in response to Hildebrand’s latest bonus.
