A CEO of a US restaurant Todd Graves, founder and CEO of Raising Canes, and co-CEO AJ Kumaran has bought 50,000 Mega Millions lottery tickets.
The ticket has been purchased to increase the chances of winning the $830 million (Rs 6,624 crore) prize. The CEO plans to share the win with all his employees.
Todd Graves and AJ Kumaran spent nearly eight hours purchasing the tickets personally. If any of the tickets win the jackpot which comes to $480 million after taxes and deductions, the prize money will be split among every employee in the company. This means that each employee would receive around $9,600.
Todd Graves shared a tweet on the Twitter handle saying, “Buying 50,000 lottery tickets is harder than you think! Hoping to share the winning jackpot with our 50,000.”
@RaisingCanes Crew.
Buying 50,000 lottery tickets is harder than you think! 😉 Hoping to share the winning jackpot with our 50,000 @RaisingCanes Crew. pic.twitter.com/hLlajBJwlH
— Todd Graves (@ToddGraves) July 25, 2022
Raising Cane’s co-CEOs AJ Kumaran and Todd Graves made headlines for buying two lottery tickets for each employee in the Company. As per media reports, the Company went on to spend $100,000 on the same, as each ticket cost $2.
Raising Cane’s CEO AJ Kumaran said, “(Employees are) seeing it at their gas stations and gas pumps, they’re seeing it on their grocery shelves.”
“Things aren’t exactly easy these days, so when we saw there is a chance to not only have a little fun but maybe win a little bit extra money for our people, we wanted to do it”, AJ Kumaran added.
AJ Kumaran further said, “The feedback from employees has been nothing but excitement and anticipation for the draw.”
The two CEOs saw this as an opportunity to earn some extra money for their people while adding a fun element. Graves logic is that a sum of $100,000 (which he spent buying the tickets) if distributed equally among the employees would have meant just $2 per employee.
