Ill. family thanks employees with surprise bonuses (AP)

A photo provided by the Florence and Laurence Family Foundation shows a sample of a card that was handed out to employees of the Waukegan, Ill.-based Peer Bearing Co., from the Spungen family with thank-you bonus checks after the family sold the company. The bonuses totaled $6.6 million to be shared by just 230 employees. Amounts varied and were based on years of service. Seen in the photo at lower right are Florence and Laurence Spungen in the front row and Danny, Carol, Debbi and Glenn Spungen in the back row. (AP Photo/Florence and Laurence Family Foundation)AP – Even though employees at the Peer Bearing Co. no longer work for the Spungen family that recently sold the Waukegan-based ball bearings maker, they still received a turkey each this Thanksgiving in keeping with tradition.

Leave a Reply