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A Michigan businessman shares profits with factory workers

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A Michigan businessman has sold off his company and taken some of the profits straight to his employees, reports MLive.

A total of 570 employees at two West Michigan factories received a collective $5.75 million surprise bonus from their boss, J.C. Huizenga, the publication reported. Huizenga sold off his automation equipment manufacturer to a New York-based equity firm. The one-time bonuses ranged from $500 to more than $50,000, depending on how long the employee worked for the company.

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"In the letter I sent to the employees, I reminded them that my goal in business is to create wealth and share it," Huizenga told MLive. "And we all worked together at J.R. Automation and Dane Systems had amazing success. It was the right thing to share with everybody."

MLive reports that employees were totally surprised to have received the thank-you bonuses.

Read the full coverage at MLive.