A Billion Dollar Bonanza for Workers: What this Means for Corporate Loyalty and Employee Benefits The news from Louisiana's Fibrebond Corp. has sent shockwaves through the business world, where a $1.
7 billion sale to Eaton has left 540 employees with an average payout of $443,000 each. The staggering sum is a result of Graham Walker's decision to set aside 15% of the sale proceeds for his workers.
Historically, large corporations have been hesitant to share profits with their employees, reserving such decisions for times of financial stress or crisis.