US CEO Shares Rs 2,155 Crore Bonus Pool With Employees After Company Sale
4 hours agoBusiness
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3 SourcesLouisiana, United States
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US CEO Shares Rs 2,155 Crore Bonus Pool With Employees After Company Sale

Graham Walker, former CEO of Fibrebond, has shared nearly Rs 2,155 crore in bonuses with approximately 540 employees following the company's sale to Eaton Corporation for Rs 15,265 crore. Employees, who did not hold stock, will receive an average of Rs 3.7 crore over five years. Walker insisted on allocating 15% of the sale proceeds to staff, recognizing their loyalty and hard work. The bonuses have enabled employees to pay debts, buy vehicles, fund education, and improve retirement savings.

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