Illinois family-owned company thanks employees with giant bonuses
The Associated Press
WAUKEGAN, Ill. -- Year-end bonuses are rare these days. But a family that founded a ball bearings manufacturer in suburban Chicago is giving eye-popping bonuses this year.
A total of $6.6 million is being shared by just 230 employees.
Some workers at Waukegan-based Peer Bearing Co. couldn't believe their eyes when they opened checks for $10,000 and more. Amounts varied and were based on years of service.
Dave Tiderman (TEE'-der-man) says he thought the decimal point must be in the wrong place when he saw his $35,000 check. He's assistant product manager at the company, where he's worked his way up from the warehouse since 1985.
Peer Bearing was sold to a Swedish company earlier this year. Danny Spungen (SPUN'-jen) says his grandfather launched the company in 1941. He says it was a unanimous family decision to thank employees with the bonuses.
Slow down! Icy Road Conditions!
The picture above shows what happened to the car after I got into car crash on my way to work. I left at 6 a.m. hoping to beat rush hour traffic not thinking about the bad road conditions. I haven't gone to work for a couple of days and I know I needed to get back in the office. it was about 3 miles from my house where I was driving over an icy bridge and I lost control of the car. I don't remember much from what happened other than the fact that I tried to gain control of the car as I was swerving left and right and I missed one car, but another car headed towards me from the opposite direction hit me right on and I spun around. It all happened really fast! I remember checking to make sure I could feel my feet. And then I called 911. A police officer was there within minutes. The trip to the hospital was unbearable even though they hit me with morphine! I laid on that stretcher in the emergency room for hours because they wouldn't move me until all the x rays and scans were completed and evaluated. It was a pretty uncomfortable 5 hours! But I got out of it okay without any major injuries - just a few bruises here and there. I was glad! I am grateful that my life did not end then! I had a few thoughts go through my head as I hit that truck. One thing was: "Did I buy enough life insurance to sustain my family? and "Am I ready to go?" Sadly, the answer to both questions were no. And it makes me realize how short and unpredictable this life is. I really want to be a better person, to really cherish every single minute I have with my family. I love my wife and my son, and the rest of my family, but to go through an experience when it seemed like everything was to be stripped of you, it really opens your eyes to a better perspective of what is truly important in life.
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2 comments:
hey vince...do you think the whole idea of Spreading the wealth is still a bad thing for all those people whining about Obama before?? Makes me wonder......
i bet this company got a huge tax break for "spreading the wealth" too....
but this is a great example of true generosity......
well....i think people only look at the taxes...and how much they have to pay if they make a certain amount of money....
the whole spreading the wealth issue is a good idea...but it can easily be abused....so...I guess...it depends on what policies they put together....
but i agree...i wish more companies would be that generous...especially during our current economy...but that may be too much to ask...
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