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Started By
Message
Louisiana boss hands workers $240M in bonuses after selling his company for $1.7 Billion
Posted on 12/25/25 at 7:32 pm
Posted on 12/25/25 at 7:32 pm
NY Post
Pretty cool post. I remember when Cameron Communications got sold in Lake Charles a bunch of people got some nice bonuses too.
Pretty cool post. I remember when Cameron Communications got sold in Lake Charles a bunch of people got some nice bonuses too.
quote:
A Louisiana factory chief proved to be a real-life Santa Claus — giving each of his 540 full-time employees six-figure bonus checks totaling $240 million.
The generous gesture came after the benevolent boss sold the company for $1.7 billion.
Graham Walker, the now-former CEO of Fibrebond, told The Wall Street Journal that he would not agree to sell his company if prospective buyer Eaton did not earmark 15% of the proceeds for its employees — even though none of them owned stock.
The deal, which was completed earlier this year when Eaton acquired Fibrebond, triggered payouts to 540 full-time workers, averaging about $443,000 per worker spread over five years.
14
Posted on 12/25/25 at 7:39 pm to Chastains
Can you imagine the insane good morale at work that day?
Posted on 12/25/25 at 7:42 pm to Chastains
Some owners understand who were responsible for their success.
Yes, they were a big part of it, but they wouldn't have been able to build their company without the people working for them.
For as much shite as he gets, Wayne Stabiler was this kind of owner. When he retired, he gave his restaurants to those who managed them for him and made them successful (making him successful). He didn't sell to them, he turned them over as a reward for everything they did for him.
He's still the best owner I've ever worked for.
Yes, they were a big part of it, but they wouldn't have been able to build their company without the people working for them.
For as much shite as he gets, Wayne Stabiler was this kind of owner. When he retired, he gave his restaurants to those who managed them for him and made them successful (making him successful). He didn't sell to them, he turned them over as a reward for everything they did for him.
He's still the best owner I've ever worked for.
Posted on 12/25/25 at 7:47 pm to Chastains
Thats awesome.
Posted on 12/25/25 at 7:47 pm to Chastains
What a great story. Quite the Xmas for his employees haha
Posted on 12/25/25 at 7:50 pm to magildachunks
I did some personal business with the family. Great people.
Posted on 12/25/25 at 7:51 pm to TDTOM
quote:
I did some personal business with the family.
No you didn’t
Posted on 12/25/25 at 8:01 pm to Chastains
Imagine how bad you'd feel if you quit your job a week before huge bonuses went out.
Posted on 12/25/25 at 8:03 pm to magildachunks
quote:
For as much shite as he gets, Wayne Stabiler was this kind of owner. When he retired, he gave his restaurants to those who managed them for him and made them successful (making him successful). He didn't sell to them, he turned them over as a reward for everything they did for him.
I can verify this. The owner of Stabs on Lovett Road in Central told me this story and I was shocked. There is still a lot of good people in this world that we usually don't hear about. Great story for sure.
Posted on 12/25/25 at 8:03 pm to Chastains
quote:
averaging about $443,000 per worker spread over five years.
Damn
Posted on 12/25/25 at 8:04 pm to Chastains
Epic
Posted on 12/25/25 at 8:11 pm to Yeahright
quote:
There is still a lot of good people in this world that we usually don't hear about.
Agreed. Unfortunately, drama and bullshite “sell” much more than good feeling news/stories. Ironically it’s the feel good stories we all crave deep down, but somehow keep gravitating to the bullshite.
I’m sure there’s a lesson to be learned in there somewhere
Posted on 12/25/25 at 8:27 pm to Mingo Was His NameO
Mingo
Link?
quote:
No you didn’t
Link?
Posted on 12/25/25 at 8:29 pm to Chastains
(no message)
This post was edited on 12/25/25 at 8:30 pm
Posted on 12/25/25 at 8:33 pm to Chastains
That is how you do it. This made me smile. Prosperity makes me smile.
Posted on 12/25/25 at 8:35 pm to Chastains
Thats great. I love stories like this.
Keep them coming.
Keep them coming.
Posted on 12/25/25 at 8:39 pm to Sunnyvale
They are/were strong in their faith.
Posted on 12/25/25 at 8:39 pm to Chastains
Wall Street Journal has a more detailed article. It’s available on Apple News if you subscribe to that app. Great read.
Posted on 12/25/25 at 8:53 pm to Chastains
Is my math correct? $440,000 per employee?
Posted on 12/25/25 at 9:00 pm to deltaland
quote:Imagine you are the company custodian, and this hits your lap.
averaging about $443,000 per worker spread over five years.
Damn
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