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Departing Admiral Boss Gives Employees $1,400 Thank You Gifts

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The outgoing CEO of insurance giant Admiral announced he will give employees who've been at the firm a year or more 1,200 euros (or $1,400) as a thank you gift before he retires in May. The rest of the 8,000 workers will get 600 euros (or $570), costing the American billionaire a total of about 9 million euros.

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