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Entries in Payout (2)

Wednesday
Dec142011

$6.1M Unclaimed Money Payout in Missouri Could Be Largest Ever in US

Adam Gault/Thinkstock(JEFFERSON City, Mo.) -- Someone in Missouri will get very lucky Wednesday when he or she becomes the recipient of the largest unclaimed money award in U.S. history: $6.1 million.

The states estimate that one in every 10 people has unclaimed money waiting for them. In dusty warehouses, in states all across the country, lie records detailing $32 billion worth of unclaimed money, just waiting for its rightful owners.

The $6.1 million check will go to a Kansas City woman who wants to remain anonymous.  Years ago, her ancestors invested in an obscure company. The stock got lost as it was passed down through the generations, growing to the sum it's worth today.

There have been other extra-large single unclaimed money awards before. New York State previously held the record for the largest unclaimed money payout when it returned $4 million. Wisconsin has returned $1.5 million.

Missouri has issued other significant payouts.  According to state treasurer Clint Zweifel, a man in St. Joseph, Mo., received $100,000, comprising unclaimed money from 15 different securities accounts.

"There is so much money that's out there waiting for Americans to claim," Zweifel told ABC's Good Morning America. "Just to give you an example, in Missouri alone I have more than $600 million on hand waiting for Missourians."

Missouri has already returned $103 million in unclaimed funds to more than 303,000 people in the state since January 2009.

Copyright 2011 ABC News Radio

Monday
Feb142011

Delta Giving Employees $313 Million in Largest Profit-Sharing Payout

Photo Courtesy - Delta Air Lines(ATLANTA) -- Delta Air Lines announced Monday it will pay out $313 million in profit sharing to its employees, marking the largest payout in the airline's history.

In a memo sent to over 80,000 employees around the world, Delta CEO Richard Anderson said the pay out stems from the company's $1.4 billion profit for 2010, which he attributes to workers' "hard work and dedication."

Anderson said the profit sharing will not be a "one-time payout," but instead will be part of employees' "total compensation that includes a competitive package of pay, benefits and work rules along with additional opportunities to earn more when the company performs well."
   
The latest payout comes four years after Delta came out of bankruptcy in 2007.

Copyright 2011 ABC News Radio







ABC News Radio