Loyalty Paid In Full: Louisiana CEO Shares $240 Million Windfall With Employees After Billion-Dollar Acquisition
Yahoo Finance·2025-12-27 02:00
More than 500 workers at a Louisiana manufacturing company called Fibrebond received unexpected six-figure bonuses this year after their CEO insisted employees share in the proceeds of a multibillion-dollar sale. Fibrebond, a modular construction firm based in Minden, was acquired earlier this year by power management company Eaton for 240 million — be set aside for the company’s 540 full-time employ ...