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Australian bus drivers split $16M bonus from boss

A big payday came for employees of an Australian bus company, as they split a $16 million bonus from their former boss.

February 1, 2012 12:00:00 AM PST
A big payday came for employees of an Australian bus company, as they split a $16 million bonus from their former boss.

The family that owned the company recently sold it for $424 million. They took $16 million and divided it up among the 1,800 employees, giving bonuses based on how long people had been with the company.

The former owners said they felt loyalty should be rewarded.

"This had blown a lot of them out of the water," said former owner Ken Grenda. "We've had guys in tears, we've had fantastic emails."

The average bonus was just under $9,000. Some senior employees got close to $32,000.

"Me and my wife, we were struggling to find out, to work out how we were going to pay for my daughter's wedding," said bus driver Shane Baker. "And now I don't have to work seven days, I only got to work six days."

All the employees will keep their jobs under the new owners.

ABC News contirbuted to this report.