Graham Walker wanted the 540 people who worked at his family business to share in the money from its sale. So, he pushed the sale price from $1.4 billion to $1.7 billion. Walker was selling Fibrebond to Eaton. But he said the deal could not happen unless 15% of the sale went to the workers. The workers did not own the company. They had no legal right to the money. But Walker still wanted them to get a share. In the end, $240 million was given to the workers. How much each person received depended on how long they had worked there. The average payment was about $443,000 per person. But the money meant even more because of what the workers had been through. Fibrebond almost failed twice. A factory fire badly hurt the company in 1998. Then, in 2000, the dot-com crash destroyed many of its customers. The workers who got the money were the ones who stayed. When some workers first saw their checks, they thought it was a joke. Then the money changed their lives. Some paid off debt. Some paid off their homes. Others used the money to help pay for their children’s education. Lesia Key paid off her mortgage 12 years early and opened the boutique she had always dreamed of. Workers over 65 got their full bonus without having to keep working. Walker also wanted the workers to use the money however they wished. That is why this story is bigger than a $1.7 billion business sale. You can spend your whole life building more for yourself. But there is another kind of success: building something that gives other people a better life too. The real value of success may not be what you keep. It may be how many lives are better because you succeeded. #1official
Graham Walker wanted the 540 people who worked at his family business to share in the money from its sale.
So, he pushed the sale price from $1.4 billion to $1.7 billion.
Walker was selling Fibrebond to Eaton. But he said the deal could not happen unless 15% of the sale went to the workers.
The workers did not own the company. They had no legal right to the money.
But Walker still wanted them to get a share.
In the end, $240 million was given to the workers. How much each person received depended on how long they had worked there.
The average payment was about $443,000 per person.
But the money meant even more because of what the workers had been through.
Fibrebond almost failed twice.
A factory fire badly hurt the company in 1998. Then, in 2000, the dot-com crash destroyed many of its customers.
The workers who got the money were the ones who stayed.
When some workers first saw their checks, they thought it was a joke.
Then the money changed their lives.
Some paid off debt. Some paid off their homes. Others used the money to help pay for their children’s education.
Lesia Key paid off her mortgage 12 years early and opened the boutique she had always dreamed of.
Workers over 65 got their full bonus without having to keep working.
Walker also wanted the workers to use the money however they wished.
That is why this story is bigger than a $1.7 billion business sale.
You can spend your whole life building more for yourself.
But there is another kind of success: building something that gives other people a better life too.
The real value of success may not be what you keep.
It may be how many lives are better because you succeeded.
#1official

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