⚡️🇺🇸 NEW - Louisiana CEO gives away $240 million in bonuses ahead of Christmas to 540 full-time employees.

Graham Walker, who is the now-former CEO of Fibrebond, gave away an average of $443,000 per employee to be paid out over the next five years.

Walker recently sold the company for $1.7 billion. He made sure that 15% ($240 million) was set aside for the employees, even though none owned stock.

"Before, we were going paycheck to paycheck. I can live now," said 51-year-old worker Lesia Key, who has been working with the company for 29 years.

When asked why he made the generous move, Walker said his faith drove him to do it.

"It's Christmas season, I am a person of faith, and the faith that I got compels me to do it..." Walker said.

Fibrebond was founded by Walker's father in 1982 and is described as a "leader in wireless communications," according to their website.