Kathmandu. After selling the company, Graham Walker, CEO of Fiberband, a family business based in Louisiana, USA, made a decision. This decision is now being discussed all over the world.<\/p>\n
Walker has distributed about $240 million (more than $34.56 billion) of the sale proceeds directly to his 540 full-time employees. Notably, the employee did not have any shares in the company.<\/p>\n
The fiberbond was sold to American giant Eaton. During the agreement, Walker explicitly specified that his employees would receive a share of the sale proceeds. This information was revealed in a report by the Wall Street Journal.<\/p>\n
According to Walker, the decision was made in honor of the loyalty shown by employees during the company’s difficult times. The bonus amount was astounding. On average, each employee received a bonus of about $443,000 (about Rs 6.37 crore). If the employees remain in the company, this amount will be paid within 5 years instead of all at once. The bonus payment has already started from June 2025.<\/p>\n
Many employees didn’t believe this to be true at first. Some thought it was a joke. Walker himself admitted that some employees spent as soon as they received the bonus. In his words, after all, it’s their money and the decision is theirs.<\/p>\n
The story of FiberBand is one of struggle and comeback. The company was founded in 1982 by Graham’s father, Claude Walker. In 1998, a fire broke out at the factory. However, the salaries of the employees have not stopped. During the dot-com bubble, there were layoffs, but Graham and his brother later paid off debts, took over the company, and started a new division. As a result, sales increased by 400 percent. The move has been hailed as one of the most positive Christmas news on social media.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. After selling the company, Graham Walker, CEO of Fiberband, a family business based in Louisiana, USA, made a decision. This decision is now being discussed all over the world. Walker has distributed about $240 million (more than $34.56 billion) of the sale proceeds directly to his 540 full-time employees. Notably, the employee did not […]<\/p>\n","protected":false},"author":16,"featured_media":281071,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45044,45159],"tags":[],"class_list":["post-281073","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international-news-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/281073","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=281073"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/281073\/revisions"}],"predecessor-version":[{"id":281094,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/281073\/revisions\/281094"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/281071"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=281073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=281073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=281073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}