The Possibility of Generosity in Difficult Times

We are hearing and reading a lot nowadays about corporate greed and the irresponsibility of senior executives. Everything from huge bonuses to executives who have run up huge losses and are going cap in hand to the government for bail-outs to profligate spending by these same failed executives on jets, office renovations and expensive junkets.

So it is especially encouraging to know that not all corporate leaders are greedy and irresponsible. Take the leaders of Waukegan-based Peer Bearing Co as an example and the generosity when the sold their business to the SKF Group of Sweden. Not only did employees get unexpected bonuses, it looks like they get to keep their jobs too.

So it IS possible to find executives who are responsible, compassionate and generous to their employees and responsible to the customers and communities. Unfortunately, they just don't make the headlines sufficiently often. Unfortunately the media does not thing good news sells.