India, Dec. 26 -- A Louisiana man turned real-life Santa Claus after ensuring that his employees received a cut of the money he earned from selling his family business. Graham Walker distributed $240 million (approx Rs.2,155.7 crore) among 540 members of his staff.

Graham Walker recently sold his family's company, Fibrebond. However, his condition for the prospective buyer was that his employees would receive 15% of the proceeds from the acquisition, as reported by the Wall Street Journal.

Walker told the outlet that he rewarded his employees as a gesture of gratitude for sticking with the company even during the tough times. The payout started in June. The average bonus was $443,000, payable over five years, provided the employee remai...