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Man who built wealth by giving away profits
HAL BOYLE profiles Bernard Spero head of House of Vision Inc. a Chicago optical firm with 23 branches. Spero shares 49 percent of his stock with employees and directs 20 percent of pretax earnings plus employee contributions into an workers fund. Despite large control he plans to leave 12 1 2 percent to survivors and urges profit sharing as a path to stable business growth.
MENTIONED IN THIS ARTICLE
Hal Boyle
New York
Bernard Spero
Spero
Chicago
House of Vision, Inc
Midwest
Delwho
Con‘ness
Victor Lajoie
Tomes
Sewan
Haasins
Ater