A Story About Spreading The Wealth

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When I hear stories like this, I wonder why it doesn’t happen more often. And furthermore, why do companies look at employees like they’re commodities instead of human beings who deserve to share the wealth for their hard work?

Regardless, this is a great story and one we can all be thankful for.


CHICAGO – Dave Tiderman wondered if the decimal point was in the wrong place when he opened his $35,000 company bonus. Jose Rojas saw his $10,000 check and thought, “That can’t be right.”

Valentin Dima watched co-workers breaking down in tears over their bonus checks and didn’t trust his emotions. He drove home first, then opened his envelope: $33,000. […]

A total of $6.6 million is being shared by just 230 employees of Waukegan-based Peer Bearing Co., with facilities in England and the United States. Amounts varied and were based on years of service. […]

With $100 million in sales last year, Peer recently was acquired by a Swedish company for an undisclosed amount. Danny Spungen, whose grandfather founded the company in 1941, said it was a unanimous family decision to thank employees with the bonuses.

Laurence and Florence Spungen and their four children decided on a bonus formula a year before the sale closed to SKF Group, “a gamble that we would come out OK as well,” Danny Spungen said.

Somehow, I bet the family came out just fine. :-)

By the way, this is the card they sent out…

Seeing employees as family? What a concept!

In any event, very cool stuff.