Published On: Sat, Dec 12th, 2015

Oil tycoon gives $100000 bonus to all his employees

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Christmas came early for the 1400 odd strong employees of Hilcorp Engineering Corp as Jeffery Hildebrand, the President and CEO of Houston, Texas-based Hilcorp Engineering Corp, recently announced to give each of the company’s employees a whopping $100,000 bonus.

Not the first time the company has been so generous

It’s the continuation of a tradition at Hilcorp, owned by billionaire Jeffery Hildebrand. Five years ago, when Hilcorp achieved its goal of doubling its oil and gas production, Hildebrand gave every employee the choice of $35,000 cash or $50,000 towards a new car. This year, despite the downturn, Hilcorp doubled its output again, to more than 150,000 barrels per day. So Hildebrand doubled the bonus — to $100,000.

Some of the other perks the energy company provides its employees include 88 hours of training each year and college tuition reimbursement, landing Hilcorp on Fortune’s list of the 100 Best Companies to Work for three years in a row.
The 73rd richest American citizen, Hildebrand has also made headlines for landing on The New York Times’s list of the wealthy American families whose political donations helped make up nearly half of the money raised during the 2016 presidential race (though those numbers were current through mid-October). His donations include $250,000 to a Super PAC supporting Jeb Bush.

It’s a wonderful way to inspire hard work and loyalty, especially among the lower ranks, where $100,000 is well in excess of what many workers make in a year. “It’s just a true gift, and I think myself, along with everyone, is not going to give less than 100 percent each day,” receptionist Amanda Thompson told Fox 4 News in Houston.

 

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