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Yo_Mama_Been_Loggin

(137,109 posts)
Sun May 10, 2026, 07:46 PM 19 hrs ago

He sold his company for $1.7 billion -- then handed $240 million to the 540 workers who stuck with him

Many business owners who sell their companies for a huge sum will happily walk off into the sunset with their billions. Graham Walker chose a different path.

The majority owner of family-run Minden, Louisiana-based Fibrebond sold his company earlier this year for $1.7 billion. To thank longtime workers at the maker of enclosures for electrical equipment, though, he earmarked $240 million of that for bonuses, which resulted in life-changing cash infusions for 540 full-time employees.

On average, The Wall Street Journal reports (1), employees received $443,000. Workers with long tenures received more. Much more. The money will be paid out over a five-year period, as long as the employee stays with the company. (Workers over the age of 65 received the entirety of their bonus and won't have to continue working if they don't want to.)

The employees didn't own shares in the business. They weren't investors. Their windfall came through a founder's generosity.

https://finance.yahoo.com/markets/stocks/articles/sold-company-1-7-billion-193500329.html

29 replies = new reply since forum marked as read
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He sold his company for $1.7 billion -- then handed $240 million to the 540 workers who stuck with him (Original Post) Yo_Mama_Been_Loggin 19 hrs ago OP
Good man. Melon 19 hrs ago #1
Sometimes UpInArms 19 hrs ago #2
That still leaves him with over a billion. Roll out the guillotine. TheProle 19 hrs ago #3
Can't be perfect dave99 18 hrs ago #4
Exactly/ The guillotine? Really? A little perspective here, please. FadedMullet 17 hrs ago #14
That depends on what his after-tax net take was. DFW 14 hrs ago #20
Disappointed seeing a comment like this bif 7 hrs ago #22
Here is a post in another thread saying all billionaires should share the same fate as the CEO murdered by Mangione MichMan 1 hr ago #27
You forgot the sarcasm thingee ... aggiesal 5 hrs ago #23
Yep it's a shame. TheProle 2 hrs ago #26
wonderful!!! BlueWaveNeverEnd 18 hrs ago #5
They WERE investors dickthegrouch 18 hrs ago #6
Exactly right and seldom acknowledged. FadedMullet 17 hrs ago #15
That is what a real class act looks like. flashman13 18 hrs ago #7
Capitalism with a conscience ! Emile 18 hrs ago #8
Controlled capitalism coupled with morality and good sense. paleotn 18 hrs ago #12
Love this story. highplainsdem 18 hrs ago #9
I wish all employers appreciated their workers Figarosmom 18 hrs ago #10
Not to mention they probably wouldn't have their business at all... pat_k 2 hrs ago #25
He understood that the company wouldn't have ever been worth 1.7 billion.... paleotn 18 hrs ago #11
Some rich people say . . . no amount of cash will fill the holes in my soul! Aussie105 18 hrs ago #13
Ding this AllaN01Bear 17 hrs ago #16
Billionaires are you paying attention? Graham Walker proves you don't have to be a greedy asshole. Fil1957 16 hrs ago #17
This message was self-deleted by its author LudwigPastorius 16 hrs ago #18
In the 90s I worked for a company that did something similar Orrex 16 hrs ago #19
Somethings never change. WinstonSmith4740 49 min ago #29
I have been wondering about what would happen if my company got sold DFW 12 hrs ago #21
One founder who understands that dlk 3 hrs ago #24
Would suck to be someone who quit last year MichMan 1 hr ago #28

DFW

(60,396 posts)
20. That depends on what his after-tax net take was.
Mon May 11, 2026, 01:23 AM
14 hrs ago

I thought that bloodthirst was a Republican trait. Did DU apply for equal time, and I missed it?

MichMan

(17,360 posts)
27. Here is a post in another thread saying all billionaires should share the same fate as the CEO murdered by Mangione
Mon May 11, 2026, 01:30 PM
1 hr ago
https://democraticunderground.com/100221230243#post13

That sentiment is out there unfortunately

aggiesal

(10,900 posts)
23. You forgot the sarcasm thingee ...
Mon May 11, 2026, 10:01 AM
5 hrs ago

Hard to believe others can't see the sarcasm in your statement.

dickthegrouch

(4,626 posts)
6. They WERE investors
Sun May 10, 2026, 08:34 PM
18 hrs ago

They invested their time and talents in the company. Probably for halfway decent wages/salaries.
Then they received bonuses to show how much those investments were valued by a boss who understood that the PASSIVE investors should never be as entitled as the ACTIVE ones.
Graham Walker understands that better than most, and certainly better than the idiot who wrote the article.

pat_k

(13,830 posts)
25. Not to mention they probably wouldn't have their business at all...
Mon May 11, 2026, 12:27 PM
2 hrs ago

... without an educated workforce, highway infrastructure, judicial system, rights guaranteed under the constitution, social safety nets (as inadequate as they are) to protect against capitalism excesses, law enforcement, advances made by publicly funded scientific research, long-time security and prosperity built with NATO and other allies (now endangered), stable trade, expanded markets for agriculture through food security programs (now gone), and on and on.

Those in the private sector who benefit the most from the existence of a strong public sector MUST contribute FAR, FAR, FAR MORE to ensuring the public sector stays strong for all. And that must include single-payer universal healthcare to ensure the health of customers and employees, and much much more.

Paying to create a strong public sector that ensures our collective well-being is not just a matter of fairness, it is good business!!

paleotn

(22,626 posts)
11. He understood that the company wouldn't have ever been worth 1.7 billion....
Sun May 10, 2026, 09:08 PM
18 hrs ago

without the work and dedication of those 540 employees. Few in management ever understand that simple principle. The person with the idea and the capital to start it is rendered useless without the employees who make it happen.

Aussie105

(8,143 posts)
13. Some rich people say . . . no amount of cash will fill the holes in my soul!
Sun May 10, 2026, 09:17 PM
18 hrs ago

Others go . . . that's a lot of money, who deserves some of it?

Second group is a rare minority.

Fil1957

(839 posts)
17. Billionaires are you paying attention? Graham Walker proves you don't have to be a greedy asshole.
Sun May 10, 2026, 10:25 PM
16 hrs ago

Response to Yo_Mama_Been_Loggin (Original post)

Orrex

(67,358 posts)
19. In the 90s I worked for a company that did something similar
Sun May 10, 2026, 11:11 PM
16 hrs ago

But instead of handing out $443K bonuses, they locked the doors, tore down the signage, and mailed us our final checks (mid pay-cycle so they were smaller than people had come to expect.)

Good times!

WinstonSmith4740

(3,458 posts)
29. Somethings never change.
Mon May 11, 2026, 02:34 PM
49 min ago

My sister had a similar experience at the beginning of the year...fired an entire crew of people in the middle of the day. Let them do their normal job until late morning, and then told them their jobs were being eliminated. She called it "corporate cold".

DFW

(60,396 posts)
21. I have been wondering about what would happen if my company got sold
Mon May 11, 2026, 02:25 AM
12 hrs ago

We’ve had suitors, but none that offered enough to answer the two main co-owners’ big question of “this is still fun, so what else am I gonna do if I stop?” They both started around the age of 20. I graduated college, so I didn’t come on until I was 23, which was still over 50 years ago! There were only about 12 of us then—over 1000 now. They’d never get $1.7 billion for the company, since it doesn’t make anywhere near enough to justify such a purchase price.

However, the co-owners are still human. No expense is spared when offices want food or birthday cakes, summer parties or year-end celebrations. When people fall sick, they are kept on no matter what to keep them insured. We have one guy who has been with us for about 35 years. He is now 86, bankrupted by daughters on perpetual drug rehab, now being eaten up himself by cancer. No way does he get let go. Some time ago, another employee had a different addiction problem (religion), and he started to try to convert everyone in the company to Christianity. He was let go, but kept on the payroll for the health insurance until he found a new job. Only about three things will get you fired outright: physical assault, theft or sexual harassment. The company makes an effort to rotate who goes on the occasional trips to Hong Kong, so that employees get to go who would otherwise never be able to afford it.

I have no idea if there is some kind of earnings formula that guides the price at which a company gets sold. I am relatively confident that after fifty years, our two co-CEOs will not forget the people who helped them be successful. One was born in Texas, and the other hails from New England. No one lives forever. In five years, those few of us who were there “from the beginning,” or close to it, will be pushing 80. Judging by family medical history, I figure my chances of making it that far are 50-50 at best. But do I gracefully retire and divide my time between cruise ships and TV? Not my style. Yet, anyway!! I am forced to admit, Europe and its catastrophic travel infrastructure are wearing me down, especially after the last week.

Still, I like working for an outfit that lets me determine my own work schedule, take whatever vacation time I want, when I want. Moreover, ALL employees who come across unexpected hardship situations get heard, and deal with HR people whose job it is to hear them out, and help if possible. We may not have a billion dollars to toss around, but there is more than one company in the USA that could have taken a mercenary attitude toward its employees and chooses not to.

dlk

(13,320 posts)
24. One founder who understands that
Mon May 11, 2026, 11:36 AM
3 hrs ago

Without the workers, there would not have been a company to sell for $1.7 billion.

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