The boss who gave his employees a $240 million gift

[searcher]

The boss who gave his employees a $240 million gift​

In March, Lesia Key was summoned to meet her boss, Graham Walker, near the factory where they worked.

At an outside table, Walker thanked Key for her 29 years of service. Then, a colleague handed her a sealed, blue-and-white envelope. She opened it and broke down crying, as Walker struggled to compose himself.

Walker was giving Key, 51, a life-altering sum of money—and he was doing the same for his 539 other full-time employees.

Walker and his family started a company in Minden, La., called Fibrebond, which makes enclosures for electrical equipment. Earlier this year, he agreed to sell the business to Eaton, a power-management company, for $1.7 billion.

Walker wanted to reward employees, grateful that so many had stuck with his company through tough times, before it found new life building enclosures for data centers. So he included a condition into the terms of the transaction: 15% of the sale proceeds would go to his employees.

More:

https://www.msn.com/en-us/money/com...-his-employees-a-240-million-gift/ar-AA1SZwmn

 

[Goldhedge]

That's how business' should be run...