With the recent economic woes that have fallen upon the U.S. and reports of rampant corruption and senseless bailouts, a great and positive story about a family run ball bearing manufacturing plant outside of Chicago that was sold to a Swedish company for an undisclosed amount. The employees of the Waukegan, Illinois based Peer Bearing Co. received “thank you” bonus checks, from the family owners. The bonuses totaled $6.6 million dollars that was divided among 230 employees. From the article:

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.

He and other family members signed, by hand, two thank-you cards to each employee, one in Spanish and one in English. Each card was printed with all the workers’ names and the years they were hired. The text expressed gratitude for “the loyalty and hard work of our employees over the years.”

Want to stimulate the economy? Spread the wealth around to deserving hard working people if you’ve got it to spare. So often the rule is that the highly paid executive teams make millions on the backs of everyday hard working people. If this country is going to survive in its current state, there’s going to have to be ALOT more stories like this being reported…