Spanx CEO Gives $10,000 And Two First-Class Plane Tickets To Every Single Employee

  • Spanx CEO Sara Blakel celebrated a new billion-dollar deal by giving first-class tickets and $10,000 to every employee.
  • Blakel got the money to start Spanx by selling her fax machine and wrote at the time that Spanx would be worth $20m one day, “And everybody laughed at me.” 
  • “This is a very big moment for each and every one of you, and I want to toast the women that came before me and all of the women in the world who have not had this opportunity,” Blakel said.

Stuti Mishra from The Independent writes:

“The chief executive and founder of women’s shapewear company Spanx celebrated a new billion-dollar deal by giving first class tickets and $10,000 (£7000) to every employee.

Sara Blakel posted a video on her Instagram last week in which she thanked her employees, following the shapewear company’s new deal with investment giant Blackstone, which has purchased a majority stake.

The company — founded in 1998 with a capital of £3,600 — was valued at $1.2bn (£870m) in the deal.

“This is a very big moment for each and every one of you, and I want to toast the women that came before me and all of the women in the world who have not had this opportunity,” she said.

Ms Blakely then made the announcement that she was giving each of her employees two first class flight tickets to any location of their choosing along with $10,000 (£7000) to spend on the trip…”

See full story here.



Categories: Business, Labor

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