A small-town family business in the US has created headlines after sharing a massive part of its sale proceeds with its workers. Fibrebond, a Louisiana-based electrical equipment company, was sold for $1.7 billion, and former owner Graham Walker ensured that 540 employees received a combined $240 million from the deal.
The payout means each full-time worker received around $443,000 on average, despite none of them owning any shares in the company. The unusual move came from a condition Walker added before agreeing to sell the business to power-management company Eaton.
