By: Steve Dellar | 11-22-2018 | News
Photo credit: Bayada Home and HealthCare website

NJ - Bayada CEO Hands Out $20 Million Thanksgiving Present To Employees

No employees got a better Thanksgiving gift that those that work for Bayada Home and Health Care this week. There were tears, hugs, and thanks when Mark Baiada, the founder and CEO of the company decided to give 20 million dollars of his own fortune to his employees.

Mr. Baiada announced his plans during a gratitude luncheon. He has been holding such events almost from the time he started his now-$1.4 billion business in Moorestown in 1975.

The company founder announced his incredible gift during the luncheon with 100 unsuspecting employees. They were very touched, showing tears and hugs whilst giving their CEO a standing ovation.

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Employees at <a href="">@BayadaHHC</a> react to news that employees will get a cut of a multimillion dollar giveaway. Chairman <a href=";ref_src=twsrc%5Etfw">#MarkBaida</a> says “it’s not about the money - it’s about the spirit of what they’ve done.” More on <a href="">@KYWNewsradio</a> re how much and why. <a href=";ref_src=twsrc%5Etfw">#FeelGoodStory</a> <a href=";ref_src=twsrc%5Etfw">#Thanksgiving</a> <a href=""></a></p>&mdash; Cherri Gregg (@cherrigregg) <a href="">November 20, 2018</a></blockquote>

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The CEO explained: “We started 43 years ago, and I’ve always been very fortunate to get a lot of really good people working with me so that we could serve the community and build up the company.”

“I’ve always had gratitude and the real appreciation for the people that I’m working with. So, just before I give it all away, I said, ‘Let me give some to the employees to really express my appreciation and gratitude for all the work that got us to be a billion-dollar company.”

“It was just a thank you in the spirit of Thanksgiving. We decided to make it a surprise.”


Ms. Nicole Green, a 48-year-old healthcare worker who’s been employed with the company for three years already said it was nothing less than ‘overwhelming.’

“Everyone was very touched. We didn’t expect anything and thought it was an ordinary lunch. Mark has completely surprised us. He didn’t have to do this. I haven’t been working ad Bayada, but now I’m an employee for life.“

Mr. Matt Gunkel, a registered nurse who has worked in Bayada’s Mount Laurel office for the past six years, reacted with delight: “I was going to a luncheon and I expected someone to raise a glass and say some kind words about the holidays.”

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Bayada founder gives $20 million to employees for their service <a href=""></a></p>&mdash; armando r perez jr (@apjr7700) <a href="">November 22, 2018</a></blockquote>

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“I was not expecting this. Being presented with the money was shocking, but the gesture itself is right in line with the way this family behaves.”

“Top down, it’s the best company I’ve ever worked for: kindness, recognition. It’s everywhere in the company. I thought it was just the office I worked in, but I’ve visited other offices and seen it there, too. The culture is second to none.”


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4 Comment/s
tab No. 42995 2018-11-22 : 13:54

give it away because you can't take it with you when you die.

Anonymous No. 43004 2018-11-22 : 15:34

What a nice gesture, the people that helped build his fortune got a cut. I wonder if retirees were mailed their share and if it was prorated for time served? If everyone received the same “bonus” feels will be hurt. Funny how that works, give a group all the same gift and someone has to complain.

Anonymous No. 43008 2018-11-22 : 16:39

Very nice thing to do.

Anonymous No. 43022 2018-11-22 : 21:57

So rather than paying employees more money this entire time, he hoarded enough to be able to give away 21 million? Nice to get a bonus, but seriously.

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