CEO Earns $1B, Shares Huge Chunk Of It With Staff And Donates Yearly Salary to Frontline Workers
Imagine you've worked your butt off and it's finally time for your big payday – what would you do with all that cash?
If you're British businessman Matt Moulding, the 48-year-old CEO of beauty and health online retailer The Hut Group, you give a lot of it away.
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Celebrating and rewarding his team
The Hut Group went public on the stock market in September and since then its value has soared. As a result, Moulding landed a gigantic £830 million ($1.1 billion) payout, according to Mirror UK.
But even before the company went public, Moulding decided to pay those who matter the most – his staff. He reportedly gave £21 million ($28 million) for his 7000 employees to share, which helped some staffers become multi-millionaires.
"No one in the scheme received less than a couple of hundred grand."
Matt Moulding
Moulding's personal assistant was so happy with her haul of the profits that she retired at the age of 36.
"We are delighted with the market reaction to our IPO and that all of our shareholders are benefiting from the strong performance of the business," a spokesperson for the company said.
"The equity scheme was put in place when THG was a private company, and we are delighted that over 200 THG staff have already shared in the scheme, worth around £200 million ($267 million) today."
Supporting COVID-19 relief efforts
As for his own share of the profits, Moulding donated his entire £750,000 ($1 million) annual salary to charity and gave £10 million ($13 million) towards Covid-relief efforts. He's also donated £2 million ($2.6 million) worth of PPE to frontline workers.
But Moulding has also used the money to enjoy the fruits of his hard work. He is the proud owner of a Lamborghini and likes to take his wife and four kids on lavish vacations to exotic destinations. He also makes time to take care of his body and has the muscles to show for it.
Of course, this success hasn't come easy – Moulding is a dedicated business owner who starts every day at 6 AM sharp and drinks plenty of coffee throughout the day to keep himself going.
Pay yourself and others too
The old dictum of personal finance is "pay yourself first." And that's good advice – you worked hard, you deserve to invest in things that make your life better.
But, as Americans celebrate Thanksgiving this weekend, it's crucial to also show appreciation for those who helped get you there, as well as use your position of privilege to help make the world a better place. And while "thank you" is great, giving back can be even better.
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Military Dad Defends His 4 Little Daughters When Strangers Make This Rude Remark
Military Dad of 4 Daughters Defends His Girls When Strangers Make This Rude Remark
Austin von Letkemann is the military officer strangers feel "sorry" for — and the reason is infuriating.
Whenever the devoted father leaves the house with his four children, strangers can't help but notice the officer in uniform is holding hands with 4 adorable little girls. They will tell the traditionally "masculine" and "all American" dad they feel sorry for him, because he has no sons. This dad makes one thing very clear: They are his daughters, they aren't a burden.
In a passionate video, von Letkemann took to Instagram to share with his followers that the only thing that's "difficult" about being a girl dad — is clapping back to these sexist remarks over and over again.
They Mock His Daughters To Their Face
When strangers approach Austin von Letkemann and his four daughters, they don't always realize that their comments are being overheard. They seem oblivious to the fact that his girls understand every word. Von Letkemann describes how people will approach him and, without thinking, make remarks like "I'm sorry" or even joke about his lack of sons. What they don't realize is that these comments, intended to be light-hearted or humorous, can be deeply hurtful to his daughters. These strangers are not just disrespecting von Letkemann's choices as a father; they're also sending a message to his daughters that their presence is something to be pitied. It’s a message that von Letkemann won't stand for, and he's speaking out to defend his girls from these insensitive remarksSaying "Get Your Shotgun" Isn't Funny — It's Sexist
Another common comment that Austin von Letkemann encounters is the old "better get your shotgun ready" trope, often delivered with a smirk or a wink. This line is typically intended to suggest that a father with daughters should be on high alert to protect them from potential "suitors," implying that they are objects to be guarded rather than individuals with agency.
Von Letkemann finds this line of thinking outdated and sexist. In his viral Instagram video, he points out that these jokes are not just stale — they're damaging.
By suggesting that his daughters require armed protection, the joke reinforces the idea that women are inherently vulnerable and need to be shielded from men. Von Letkemann argues that instead of promoting this narrative, society should focus on teaching respect and consent, challenging these sexist tropes at their source.
Watch Austin von Letkemann's Video:
"If I Had A Fifth Child, I'd HOPE It Was A Girl" — One Dad's Message For Other Parents
Despite the constant remarks about his lack of sons, Austin von Letkemann is clear: He wouldn't trade his daughters for anything.
In fact, he told his Instagram followers that if he were to have a fifth child, he would hope for another girl. This declaration isn't just about doubling down on his pride in his family — it's a pointed response to those who see fathering daughters as a misfortune.
Von Letkemann's stance is a powerful one, rejecting the notion that a family is incomplete without sons. He encourages others to question the assumptions behind these comments and to appreciate the joy and fulfillment that his daughters bring. By sharing his story, von Letkemann hopes to create a more inclusive perspective on fatherhood, one that values daughters just as much as sons.