Los Angeles Glass Mogul in No Rush to Spend $1 Billion Windfall

  • Donald Friese plans to remain as CEO of C.R. Laurence
  • Used $86 million of the proceeds to pay bonus to employees

Donald Friese isn’t what you expect from a newly minted Los Angeles billionaire. He’s not a casually dressed entertainment mogul, a sharp-suited dealmaker or a computer programmer in a hoodie. Friese, who favors a tie and sports jacket, is a company man who’s worked for more than five decades at the same supplier to the glass and glazing industry.

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