US-based CEO makes 19 staffers millionaires after $1-bn stake sale
A 69-year-old CEO of a US-based chicken finger chain has said that he turned 19 of his employees into millionaires after selling a majority stake to a private equity firm for $1 billion. "I've a duty to the people that created this business," said CEO Bill Phelps. He said investors told him he's "giving away too much money".