Turns out you can get rich without screwing everyone else.
Louisiana boss hands workers $240M in bonuses after selling his company for $1.7B https://t.co/qdqKPY2x2D pic.twitter.com/qQrmNFM83z
— New York Post (@nypost) December 25, 2025
A Louisiana factory chief proved to be a real-life Santa Claus — giving each of his 540 full-time employees six-figure bonus checks totaling $240 million.
The generous gesture came after the benevolent boss sold the company for $1.7 billion.
Graham Walker, the now-former CEO of Fibrebond, told The Wall Street Journal that he would not agree to sell his company if prospective buyer Eaton did not earmark 15% of the proceeds for its employees — even though none of them owned stock.
The deal, which was completed earlier this year when Eaton acquired Fibrebond, triggered payouts to 540 full-time workers, averaging about $443,000 per worker spread over five years.
Got a news tip or correction? Let us know
If you got something out of this, please chip in to keep this site running, or subscribe to go ad-free.
5 views