give it a rest dude
give it a rest dude
Annuaire
Découvrez de nouvelles personnes, créer de nouvelles connexions et faire de nouveaux amis
-
-
CEO Graham Walker ran Fibrebond Corp., a family-owned manufacturing company in Minden, Louisiana that was founded by his father in 1982.
Earlier this year, Walker agreed to sell the company to Eaton, a large power-management and electrical products firm, for about $1.7 billion.
As part of that deal, he insisted that 15 % of the sales proceeds — roughly $240 million — be set aside specifically to be shared with his 540 full-time employees, even though most did not own stock in the business.
The payouts are structured so that workers receive an average of around $443,000 over the next few years, with the longest-serving employees receiving the largest shares.
This was not merely a year-end bonus, but part of the terms of the sale — a way for the owner to reward decades of loyalty and contribution from the people who helped build the business.
What a boss move!CEO Graham Walker ran Fibrebond Corp., a family-owned manufacturing company in Minden, Louisiana that was founded by his father in 1982. Earlier this year, Walker agreed to sell the company to Eaton, a large power-management and electrical products firm, for about $1.7 billion. As part of that deal, he insisted that 15 % of the sales proceeds — roughly $240 million — be set aside specifically to be shared with his 540 full-time employees, even though most did not own stock in the business. The payouts are structured so that workers receive an average of around $443,000 over the next few years, with the longest-serving employees receiving the largest shares. This was not merely a year-end bonus, but part of the terms of the sale — a way for the owner to reward decades of loyalty and contribution from the people who helped build the business. What a boss move!
0 Commentaires 0 Parts 95 Vue 0 Aperçu
3
Language
English
VN
Spanish
Portuguese
Deutsch
Turkish
Dutch
Italiano
Russian
Romaian
Portuguese (Brazil)
Greek
Arabic