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flag Fibrebond employees received $240M in bonuses after their company was sold for $1.7B.

flag In 2025, Fibrebond, a Louisiana-based manufacturer, was sold to Eaton for $1.7 billion, resulting in a rare $240 million bonus for about 540 employees—averaging $443,000 each—paid over five years. flag CEO Graham Walker ensured the payout, despite employees having no company stock, as a reward for decades of loyalty through crises including a major factory fire and economic downturns. flag The windfall, driven by a strategic shift to data center infrastructure, boosted morale and revitalized the local economy in Minden, a town of 12,000. flag Eaton confirmed the acquisition respected Fibrebond’s commitments to staff and community.

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