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Instead of selling his luxury boat company for millions, he invested in his employees

Eddie Smith, the owner of Grady-White Boats, could have sold his business for hundreds of millions of dollars. Instead, he decided to turn the company over to a charitable trust.

Published July 31, 2026, 12:04 AM

Updated July 31, 2026, 1:24 AM904

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Instead of selling his luxury boat company for millions, he invested in his employees

Eddie Smith, the owner of Grady-White Boats, could have sold his business for hundreds of millions of dollars. Instead, he decided to turn the company over to a charitable trust.

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Instead of selling his luxury boat company for millions, he invested in his employees

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