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Workers Get $6.6 Million Year End Bonus

Wow, this is one company that knows how to treat their employees. An Illinois company that was recently acquired by a Sweden group decided to (the old employer) treat the staff with a nice Thanksgiving gift. Each member was given their own turkey for Thanksgiving, which is a great gesture, but they weren’t expecting the following:

They gave away $6.6 million in year-end bonuses to Peer’s 230 employees, decided by a formula based on each worker’s years of service.

“My grandfather was always charitable,” said Danny Spungen, grandson of Peer founder Nathan Spungen. He said Laurence and Florence Spungen and their four children decided on a bonus formula a year before the acquisition closed.

Wow right? What a great family this was.

source

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This entry was posted by homemom3 on Sunday, November 30th, 2008 at 12:20 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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