Arrow-right Camera
The Spokesman-Review Newspaper
Spokane, Washington  Est. May 19, 1883

Computer Crew Cops Christmas Cash

Associated Press

Employees of the world’s largest maker of computer memory products are having a green Christmas, thanks to a whopping $100 million in holiday bonuses that in some cases will equal three times their salary.

Kingston Technology Corp. owners David Sun and John Tu announced the bonuses at their annual holiday party Saturday. Sun and Tu sold 80 percent of Kingston this year to Softbank Corp. of Japan for $1.5 billion. They said the workers should share the profit.

“They are the ones working hard day in, day out,” Tu said. “Our attitude towards our employees is, ‘You deserve this. You deserve more than this.”’

Kingston’s 523 employees will get $75,000 apiece on average. Most employees will get one to three times their annual salaries, meaning $300,000 or more for some. The bonuses will be based on seniority and performance.

“This is beyond my wildest dreams. But everything they do blows me away,” said sales representative Brandi LaPlante. “I’m going to get a bigger car to hold my three kids.”