Boss gives staff $10M to celebrate his birthday

Boss gives staff $10M to celebrate his birthday

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LONDON (CNNMoney) — This boss is definitely better than your boss.

The founder of eyewear giant Luxottica has granted his Italian employees around ?9 million ($10 million) worth of shares in the company.

The gift from Leonardo Del Vecchio is designed to thank workers and mark his upcoming 80th birthday.

"With this small gesture, I would like to show how important the employees are to me: I truly feel as if we are family," Del Vecchio said in a statement.

The company has 77,000 employees worldwide, but only Luxottica's 8,000 Italian workers will get to share in Del Vecchio's birthday present. That will work out to $1,200 in share each.

Up to 140,000 shares will be distributed, but the gift won't make much of a dent in Del Vecchio's bank account.

He's one of Italy's wealthiest men and ranked 40th in the 2015 Forbes rich list with a fortune of more than $20 billion.

Luxottica makes a range of eyewear brands, including Ray-Ban and Oakley, and has more than 7,000 optical and sunglasses stores worldwide.

The gesture comes on the heels of another act of C-suite kindness.

The chief executive of Gravity Payments Dan Price took a 90% pay cut and slashed his company's profits last month just so he could give his employees a raise.

The Seattle-based payment processing firm he founded has pledged to make sure all of his staffers make at least $70,000 annually in the next three years.

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