Summary
A factory boss in Louisiana rewarded his employees with significant bonuses after selling the company for $1.7 billion. Graham Walker, the CEO of Fibrebond, gave 15% of the proceeds to 540 full-time employees, resulting in average payouts of $443,000 over five years. This sale was part of a transaction where global company Eaton acquired Fibrebond.
Key Facts
- Graham Walker, former CEO of Fibrebond, gave $240 million in bonuses to his staff after selling the company.
- The bonuses are distributed over five years, with average individual payments of $443,000.
- The receiving staff consist of 540 full-time employees.
- Fibrebond was sold to Eaton, a global power management company, for $1.7 billion.
- The bonuses were a gesture of gratitude to employees who remained through difficult periods in the company's history.
- The first bonuses were issued in the second quarter of 2025.
- Graham Walker will leave the company at the end of the year.
- Eaton continues to honor the bonus commitments to the employees.
