Saturday, December 20, 2008

A Feel-Good Story of Reward

With around $100 million in sales last year, Peer Bearing Co. was recently acquired by a Swedish company.

Danny Spungen, whose grandfather founded the company, said it was a unanimous family decision to thank employees with bonuses.

Nice bonuses.

They decided to share a whopping $6.6 million amongst it's mere 230 employees. The funds were pro-rated per time of service, but what a nice thing to do for their staff.

Imagine getting a bonus check in mid-September for $33,000? I'd be lucky to see $330!

Every now and then it's nice to see feel-good moments and deeds like this.

Happy Holidays to everyone.

source

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Hi - sorry for the confirmation but I need to weed out the noise from the well intended comments. Thanks for leaving a note... - Bruce