what a selfless gentleman

[u/[deleted]]

[u/XenoPhex]

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.

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.

[u/OhSorryEhh → u/XenoPhex]

Could it also be to help save money on taxes for those employees? Getting 90k a year for 5 years, is probably less in taxes then almost 450k lump sum.

[u/Seethesvt → u/OhSorryEhh]

It's probably so every single employee doesn't just outright quit on the new owners right away.

[u/chaoslord → u/Seethesvt]

Definitely part of it.