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San Antonio–based NuStar Energy took a beating when the pandemic pummeled the U.S. last year. Between COVID-19 and a major energy market downturn, the company’s share price plunged by three-quarters from $28 per share to less than $7 per share in February 2020. (The price has rebounded since then to more than $17 per share.) Despite the shock, NuStar padded employees’ pockets by giving out 150% bonuses during that worst month, followed by full merit increases in July and restricted-stock dole-outs for salaried employees in early November. The oil pipeline business also provided subsidized and free meals, rapid COVID-19 tests at no cost, and protective equipment, overall investing more than $1 million in COVID-response efforts. “NuStar goes out of their way to care for the employees,” says a worker.
Courtesy of NuStar Energy
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