🇺🇸 THIS BOSS SOLD HIS COMPANY FOR $1.7 BILLION... AND GAVE EMPLOYEES $240 MILLION
Graham Walker just delivered the ultimate Christmas story.
When he sold his family's Louisiana company Fibrebond to Eaton, he had one condition: 15% of the $1.7 billion sale goes to his 540 employees.
The average bonus? $443,000.
Long-time employees got even more.
Some thought they were being pranked when they opened their envelopes.
Walker:
"It was surreal, it was like telling people they won the lottery.
There was absolute shock.
They said, 'What's the catch?'"
Lesia Key started at Fibrebond in 1995 making $5.35 an hour as a 21-year-old with three kids and a pile of debt.
She used her bonus to pay off her mortgage and open a clothing boutique.
Hong Blackwell, 67, a Vietnamese immigrant who worked logistics for 16 years, got several hundred thousand dollars.
She bought her husband a Toyota Tacoma and retired in peace.
One employee took 25 family members to Cancún.
Others paid off homes, funded college tuition, and cleared decades of debt.
Why 15%? Walker's answer:
"It's more than 10%."
This is what loyalty looks like when it flows both ways.
Source: WSJ
