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In the corporate world, there are often reports of companies being sold, where the owners become rich, but the employees are left with only uncertainty. But a news has come from Louisiana, America, which has created a new definition of the relationship between boss and employee. Here’s what Graham Walker, CEO of Fiberbond, a family business, did after selling the company, and you too will say, God bless everyone such an owner!
Crores of rupees suddenly came into the account, employees were stunned
In fact, Walker transferred a large part of the money received from the sale of his company, about Rs 2,000 crore, to his employees. When employees came to know about this bonus, many could not believe their eyes and ears. Some thought it was a prank or a glitch in the system. On an average, each employee’s share is about Rs 3.7 crore (4 lakh 43 thousand dollars). The interesting thing is that these employees did not have any ownership rights or equity in the company, yet they were given this amount only as a reward for their loyalty.
A special ‘condition’ was placed before selling the company
According to the report of Wall Street Journal, Fiberbond has been bought by American giant Eaton. But during this deal, Graham Walker had set a very clear and strict condition. He wanted that the benefit of the sale proceeds should definitely go to those people who have put in their blood and sweat to take the company to this point.
Walker says that this decision was taken to honor those people who stood together like a rock even during the company’s most difficult times. However, this entire amount is not being given at once. Employees will get this bonus in installments over the next five years, provided they remain associated with the company. Its first installment has already started being received from June 2025.
Someone repaid the loan and someone bought a house.
This decision has changed the fortunes of hundreds of families overnight. The story of a female employee working in the company since 1995 is very emotional. When he started the job, his salary was only 5 dollars per hour. This bonus not only helped her repay her home loan, but she also started her own clothing boutique.
Where earlier many employees were living only on the basis of monthly salary, now they are planning for a secure future. Some paid their children’s college fees, some strengthened their retirement funds, some bought their dream car. When Graham Walker was asked why some people were spending money, his answer was heart-winning – “It’s their money, they can use it however they want.”
The company reached here after fighting the recession
This success of Fiberbond was not easy. The company was started in 1982 by Graham’s father Claude Walker. History is witness to the fact that this company has seen many ups and downs. In the year 1998, there was a massive fire in the factory, everything was on the verge of being reduced to ashes, but even then the company did not stop the salaries of its employees.
There was a recession and layoffs during the dot-com bubble. But later Graham and his brother took over, paid off the old debt and took the company to new heights. An increase of 400 percent was recorded in their sales. Today, when the company is sold, the Walker family has ensured that the partners in their success are not left empty-handed.
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