The Economic Times

This family sold its business for $1.7 billion and rewarded 540 factory workers with a $240 million gift

A Louisiana-based company, Fibrebond, has made headlines after its sale for $1.7 billion, with former owner Graham Walker gifting a staggering $240 million to 540 employees. This unprecedented payout, a condition of the sale, saw each full-time worker receive an average of $443,000, transforming lives and rewarding decades of dedication. The bonuses are being distributed over five years, with older employees receiving theirs upfront.