Every Christmas, everyone eagerly waits for Santa Claus, hoping to get a special gift. A businessman from Louisiana, America, has done something so heart-touching that he has got the title of “Real-Life Santa” on social media. Graham Walker, in question, made a condition before selling his family-run manufacturing company, Fibrebond, that the benefits should go directly to all his company’s employees.
₹2,100 crore bonus
According to reports, 15% of the company’s total sales revenue, i.e. around $240 million (approximately ₹2,157 crore), was distributed among 540 employees. This means that each employee will receive an average bonus of approximately $443,000 (approximately ₹3.7 crore). This payment will be made in five years, provided the employee remains in the company during that period.
Why this decision?
Graham Walker said the decision was inspired by the dedication of the staff. He said many employees had stuck with the company through difficult times, and he wanted to reward their loyalty. Bonus payment started in June. Initially, many employees did not believe this was true. Some thought it was a joke, while others became emotional and started crying.
Employees’ lives changed
Many employees used this money to fulfill their dreams. Some repaid their home loans, others paid off their debts, and some paid their children’s college fees. A female employee, who has been with the company since 1995, used the money to fulfill her dream of opening her own boutique. Many other people used this money for their essential needs.
Why is this step special?
Typically, when a company is sold, the bonus goes to the shareholders, but in this case, the employees received the benefit even though they did not own shares in the company. That is why this step is being described as “true leadership” and “an act that inspires faith in humanity”. One user wrote, “Wow, what a hero, what a story! Such actions inspire faith in humanity.” Another commented, “This is true capitalism, a boss who treats his team like family.”
