A small-town US family has sold their Louisiana-based electrical-equipment company Fibrebond to power-management giant Eaton for $1.7 billion\u2014and made sure their 540 full-time workers got a $240 million cut of it. Former CEO Graham Walker wrote a single clause into the deal: 15% of proceeds for the staff, none of whom held any equity. The average bonus works out to around $443,000 per worker.<\/p>","protected":false},"excerpt":{"rendered":"
A small-town US family has sold their Louisiana-based electrical-equipment company Fibrebond to power-management giant Eaton for $1.7 billion\u2014and made sure their 540 full-time workers got a $240 million cut of it. Former CEO Graham Walker wrote a single clause into the deal: 15% of proceeds for the staff, none of whom held any equity. The… Read More »After 43 yrs, US family sells electrical firm for $1.7bn, makes 540 workers millionaires<\/span><\/a><\/p>\n","protected":false},"author":0,"featured_media":116308,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/posts\/116307"}],"collection":[{"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/comments?post=116307"}],"version-history":[{"count":0,"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/posts\/116307\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/media\/116308"}],"wp:attachment":[{"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/media?parent=116307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/categories?post=116307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/tags?post=116307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}