26.12.2025 09:55
The $1.7 billion sale of Fibrebond, a company in Louisiana, USA, brought "million-dollar" bonuses to its employees. When owner Graham Walker stipulated that 15% of the sale proceeds would be distributed to the staff, 540 employees received a bonus of 20 million lira each.
The sale of Fibrebond, a company operating in the state of Louisiana, USA, for $1.7 billion, has hit the jackpot for employees. Company owner Graham Walker included a clause in the sale agreement stating that "15% of the revenue will be distributed to employees."
20 MILLION TL PER PERSON
With this decision, 540 full-time employees began receiving a total of $240 million (approximately 10 billion TL) in bonuses. The average payment per person reached $443,000 (approximately 20 million TL), and it was noted that the bonuses would be paid gradually on the condition of staying at the company for at least five years. It was reported that long-term employees received higher amounts.
COMPANY SOLD TO EATON
Fibrebond, which produces enclosure units for electrical equipment, was sold to energy management company Eaton earlier this year. It was learned that employees used their bonuses to pay off debts, purchase vehicles, cover university expenses, and for retirement plans; some employees realized their dreams of vacationing or starting a business.
EMPLOYEES ARE QUITE SATISFIED WITH THE SITUATION
According to the Wall Street Journal, Walker stated that his family would earn over $1 billion from the sale, and he said that the approximately quarter-billion dollars distributed to employees was "fair." Despite the tax burden of the bonuses, it was noted that the majority of employees were satisfied with the payments.
SALES INCREASED BY 400% IN THE LAST 5 YEARS
Founded in 1982 and rapidly growing during the pandemic, it was reported that Fibrebond's sales increased by approximately 400% in the last five years. Graham Walker announced that he would leave the company on December 31.