Augusta’s Morning News with John Patrick & Mary Liz Nolan

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COVINA, CA - MARCH 30: Mega Millions lottery tickets sit on a registar at Liquorland on March 30, 2012 in Covina, California The Mega Millions jackpot has reached a high of $640 million before the drawing tonight. (Photo by Kevork Djansezian/Getty Images)

I don’t suppose your boss has ever done anything like this…

Have you heard the story about the boss that really wanted all of his employees to get rich?

Here’s the story.  Remember the restaurant Raising Canes?  We had a couple of them here in town.  They’re gone, from here, but not from everywhere.  So, with the jackpots this week in the Mega Millions lottery game reached near record totals, Raising Cane’s CEO AJ Kumaran had an idea.  He went out earlier this week and bought 50,000 Mega Millions lottery tickets.  One for each one of his employees.

He told “Fox & Friends”, “People are seeing it in their grocery bills, at their gas stations, all of it.  So when the jackpot got this big, large number, we wanted to do this”.

Kumaran and the former CEO, Todd Graves agreed to pay for the tickets, $100, 000 worth of tickets.

Apparently, the tickets weren’t that easy to get.  According to the story, Raising Cane’s executives had to go to multiple banks to get the cash, lottery tickets can only be bought with cash and then had to go to two gas stations to get the 50,000 tickets printed.

Let’s do the math, at the time, the payout was $810 million dollars.  Taking the lump sum, accounting for taxes, in the end, the winner(s) was looking at about $600 million dollars, give or take.  Divide that by 50,000 employees, and we’re looking at a payday of $12,200 for every employee.

When was the last time, your boss spent a great deal of his or her money in an attempt to award you over $12,000?

I’ll wait…

Still waiting…

There was NO winner that night, and I doubt that we’ll see Mr. Kumaran and Mr. Graves do this again, but they did give it one good try.  And for that, good on them.

Just to let them know, should they decide to give it one more good try, if they hit the $1,02 BILLION jackpot, then, we’re talking bout another $8,000 per employee… just sayin…

BTW, if you’d like to see my story about The Voice, just click here.


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