Global Holdings Ceo Saves The Rose Parade Float
With the whole country in an economic recession, cutbacks were just a part of everyday life. But life felt especially bleak for the city of Glendale when it raised less than $600 dollars of the $50,000 needed to create the Rose Parade float.
The Rose Parade brings hundreds of thousands of spectators to Pasadena each year on New Years Day and is broadcast on multiple television networks. It holds a special place in the hearts of millions of people throughout the United States, including a man from Glendale who saved the day for his city.
When Global Holdings CEO, Sam Solakyan, read in the newspaper that Glendale’s Rose Parade float was in jeopardy, he didn’t have to think twice about his decision. He immediately emailed long-term Glendale city councilman, Dave Weaver, and offered to cover the full amount.
“I nearly fell out of my chair,” Weaver recalled in an interview with Glendale News-Press. “It was unreal.”
Sam wanted to donate the funds for the float because the Rose Parade is one of his favorite traditions. He went to the Rose Parade for the first time when he was 12 years old and has loved this time-honored tradition ever since.
“It was just thousands of smiles,” he recalled. “My eyes lit up. It was so amazing to be surrounded by people who are happy, like being at Disneyland. I wanted my kids to have that someday. I wanted to give something back to the community.”
Sam moved his company’s offices to Glendale in 2010 and liked it so much that soon he and his wife, who was expecting twins at the time, moved there as well. The Solakyans love the family-oriented community of Glendale and are so happy they were able to help out in the city’s time of need.