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Factory Director Gifts $240 Million to Employees

Published December 31, 2025, 18:13
Factory Director Gifts $240 Million to Employees

A factory director in Louisiana, Graham Walker, made an incredible gift to his 540 employees, distributing a total of $240 million in bonuses. This move came after the sale of the Fibrebond company for $1.7 billion, with Walker insisting that 15% of the sale price would be allocated to employees, even though they did not own shares. Employees received an average of $443,000 each, distributed over five years, with those with long-term service receiving more. The money was used to pay off debts, buy homes and cars, travel, and boost retirement funds, while the influx of cash into the local economy of the town of Minden was significant. The story of Fibrebond began in 1982, and its success is attributed to the dedication of the Walker family and its employees.