Todd Graves, founder and CEO of Raising Cane’s fast food chicken establishment, shelled out $100,000 to buy lottery tickets for every employee at his company.
The CEO purchased the 50,000 Mega Millions lottery tickets after the popular national lottery hit an $850 million jackpot on Tuesday.
Seeing the massive prize available, Graves and Raising Cane’s co-CEO AJ Kumaran headed to two separate gas stations where they filmed themselves purchasing the huge number of tickets.
According to the fried chicken moguls, if any of the tickets is a winner then they will split the prize, which come out to $480 million after taxes and fees, amongst every single one of the company’s employees. That amounts to roughly $9600 per person.
Todd Graves posted a video of him purchasing the tickets at the gas station with a big bag of cash, adding, “Buying 50,000 lottery tickets is harder than you think! Hoping to share the winning jackpot with our 50,000 @RaisingCanes Crew.”
“We just wanted to have a little fun and maybe even a little bit of money in the process,’ Kumaran told DailyMail.com.
“It took us four different banks and about two hours to get all the money in a little bag and then go into two different gas stations and sit there and click the button for about eight hours to get these tickets printed,” Kumaran added.
Graves also shared out another video later in the day of a Raising Cane’s employee talking about how much he loves working for the company, adding that he will gladly keep working even if he wins the big cash prize.
While $9600 may not be the same as $480 million, it is still certainly life changing money for many Americans, especially as the country reels from historically high inflation rates. Do you think more CEOs should do stuff like the Raising Cane’s bosses did or was it a waste of money?