Graham Walker sold his family’s Louisiana company earlier this year and gave his 540 full-time employees a significant cut of the sale, nearly $500,000 to be paid over five years, The Wall Street Journal reported.
In total, Walker gave $240 million to his employees after he sold Fibrebond, which makes enclosures for electrical equipment.
The only requirement: They must remain at the company during the five-year period unless they were older than 65.
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