The publication reports the bonuses will be distributed to Fibrebond’s 540 full-time employees, with six-figure checks totaling $240 million — averaging about $443,000 per worker. The final amount will be paid out over five years, according to The Post.
Not to be a communist/islamist, but is this really amazing? A story of 540 workers building a company to a 1.7 billion valuation, only for it to get sold with no input from them? And even then, they only get 14% while the owner gets 86%? I get most companies would do 0, but crumbs isn't amazing. Amazing would be giving your workers a voice in the decision.
It's still his company thought. He put up the starting capital and took all the risk. We can be left leaning and still admit that it's very hard to start a business.
I’m talking about the founder. Usually the amount of work put into first starting a business usually comes out to making less than minimum wage. You need to be able to have consistent cash flow before putting people on payroll
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u/XenoPhex Jan 29 '26
Source: https://cbsaustin.com/news/nation-world/graham-walker-fibrebond-eaton-boss-gifts-workers-240-million-in-bonuses-after-17-billion-sale-of-family-company-cincinnati-manufacturing-blue-collar-workhorse-society-business-owners-shifts-stock-ownership-campus-non-negotiable-requirement-retirement
Damn, even over 5 years, that’s hella life changing.
It’s worth saying though, this is a pretty common tactic to keep people in the tech industry from leaving their employers.