Article

Fibrebond, a Louisiana-based manufacturer, awarded $240 million in bonuses to 540 employees following its $1.7 billion sale to Eaton, with outgoing CEO Graham Walker allocating 15% of the proceeds to staff. This resulted in an average bonus of $443,000 per worker, recognizing their loyalty through past challenges, including a factory fire and customer decline. The company's recent shift to data center infrastructure and rising demand related to AI spurred a 400% sales growth over five years.