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The Times of India
The Times of India
World
TOI World Desk

He started Dave’s Hot Chicken with $900: Years later, 19 employees became millionaires after a $1 billion deal

For decades, stories about billion-dollar company sales have usually followed the same pattern. Founders become wealthy, investors celebrate massive returns, and employees often receive little more than praise for their hard work. Recently, Graham Walker has drawn attention after reportedly sharing $240 million with 540 employees following the sale of Fibrebond Corp. to Eaton in a $1.7 billion deal. Before finalising the sale, Walker insisted that 15% of the proceeds should go directly to employees, even though they did not own company shares. The average worker reportedly received around $443,000, creating life-changing financial opportunities for many families in the small town of Minden, Louisiana.

Similarly, as per CNBC’s 2025 reports, Dave's Hot Chicken, a rapidly growing restaurant chain, reportedly turned 19 employees into millionaires after a major investment deal valued the company at nearly $1 billion. CEO Bill Phelps says the decision was intentional from the beginning. At a time when many workers feel disconnected from corporate success, the move has sparked conversations about loyalty, leadership, and how companies reward the people who help build them.

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