Employees of Fibrebond, a north Louisiana manufacturing company recently acquired by Ireland-based Eaton corporation, got what some are calling a life-changing amount of cash from bonuses negotiated in the billion-dollar business deal.
The Shreveport-Bossier Advocate confirmed Friday that part of the purchasing deal included bonuses totaling $240 million, or about 15% of the sales proceeds, for Fibrebond’s 500-plus employees.
Graham Walker, former Fibrebond CEO, first confirmed the bonuses to The Wall Street Journal, saying “close to a quarter-billion dollars in employees’ hands felt fair.”…