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A Louisiana factory chief proved to be a real-life Santa Claus — giving each of his 540 full-time employees six-figure bonus checks totaling $240 million.

The generous gesture came after the benevolent boss sold the company for $1.7 billion.

Graham Walker, the now-former CEO of Fibrebond, told The Wall Street Journal that he would not agree to sell his company if prospective buyer Eaton did not earmark 15% of the proceeds for its employees — even though none of them owned stock.

The deal, which was completed earlier this year when Eaton acquired Fibrebond, triggered payouts to 540 full-time workers, averaging about $443,000 per worker spread over five years.

Source: https://nypost.com/2025/12/25/business/louisiana-boss-hands-workers-240m-in-bonuses-after-selling-his-company-for-1-7b/