My New Favorite People: The Spungens
Sunday, November 30th, 2008Perhaps AIG could learn a thing or two from the Peer Bearing Company, owned until recently by the Spungen family. When their business was acquired by a Swedish company in September, the Spungens decided to give away $6.6 million in bonuses to the 230 employees.
I guess Rudy Giuliani would call that Socialism (I’m singling him out among the jerky hordes — or hoarding jerks — because I’m still mad at him about the “community organizer” thing). I guess I would call it people realizing we’re all in this together.
Thank you, Spungens. I didn’t get a penny from your bonuses, but I feel richer.


