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Exiting CEO left each employee at his family-owned company a $443,000 gift—but they have to stay 5 more years to get all of it
Yahoo Finance· 2025-12-30 16:54
When Graham Walker agreed to sell Fibrebond Corp., the Louisiana manufacturing company his father founded, he made sure the deal would transform the lives of its 540 full-time employees as much as his own. As reported by the Wall Street Journal, the 46-year-old CEO carved out a roughly $240 million bonus pool from the $1.7 billion sale to power-management giant Eaton, an amount that works out to an average of $443,000 per worker. Walker insisted that 15% of the sale proceeds be reserved for employees, ev ...