Chobani CEO Surprises Employees With Ownership Stake in the Company
Source: ABC News
Chobani's CEO Hamdi Ulukaya gave 2,000 full-time employees a surprise gift today in the form of an ownership stake in the company.
Employees were handed white packets detailing how many shares they were given, based on tenure. The shares can be converted into stock or cash if the company goes public or sells itself.
In a letter to employees obtained by ABC News, Ulukaya explained what he called "Chobani shares," allowing every full-time member to "receive awards that provide an opportunity to share in the growth of the company over time."
"My dream, from day one, was to share our success with this entire familyfor us all to have a stake in our future, working together to grow Chobani and furthering our mission as a modern food company," Ulukaya wrote.
Read more: http://abcnews.go.com/Business/chobani-ceo-surprises-employees-ownership-stake-company/story?id=38684240
iandhr
(6,852 posts)I think management will also benefit. This will bring them a lot of good press and more business because of it. When other companies see that consumers like to patronize business that treat their employees will hopefully others will follow there lead.
That is an optimists way of looking a thing.
TexasBushwhacker
(20,190 posts)HEB, that did this. While the family isn't looking to sell or go public anytime soon, they just wanted to move towards being partially employee owned.
Kittycat
(10,493 posts)We need more businesses like this in America. Improves employee morale, bottom line and customer loyalty I'm sure.
As for Chobani, makes me glad my husband is so damn picky. Every time I try to buy an off brand he tells me no, lol. I'll still with cutting corners elsewhere now since Indont do the dairy thing, I guess I can't complain
forest444
(5,902 posts)Dairy and I don't always get along, so buying yogurt of lower quality (esp. if the cows were fed GMO grains) can mean indigestion. Not so with Chobani!
The Whole Foods 365 yogurt is very good too - and, contrary to popular belief, nice and cheap.
TexasBushwhacker
(20,190 posts)They private label products are all made by major suppliers. The only different us the packaging and the assortment of flavors. I think the WF yogurt was made by Alta Dena.
Most traditional yogurts have thickening gums (locust, carob) xanthan gums etc. These aren't usually a problem, but carrageenan is a gut irritant for some folks.
forest444
(5,902 posts)I always enjoy reading first-hand anecdotes from people with real-world insights into whatever subject comes up. Nothing beats experience.
Many years ago, my mother was told by a good friend at the time to avoid just that very thing: carrageenan. Personally, I find that as time goes by more and more thing disagree with me; frankly, it's getting to where - in the words of the popular World War I ditty - I'm getting more eatless each day.
TexasBushwhacker
(20,190 posts)That way you can avoid all the additives. I make mine with a quart jar and a heating pad set on low.
forest444
(5,902 posts)She also used to make the best dulce de leche - caramelized milk. This was when I was a kid in the late '80s and early '90s, and it was unusual to see it in the stores. It was beyond belief.
Because it requires a slow, rolling boil, it takes hours to make though. If you're not familiar with it and ever want to try it, go for La Salamandra, which is available in a lot of the upscale grocery stores (including Whole Foods).
Mercy!
Kittycat
(10,493 posts)Her husband is Persian, and her sisters or MIL taught her. Great stuff! I always wanted to learn, but over time became too sensitive to dairy. I rarely touch it now, aside from a bit of cheese, always regret it.
forest444
(5,902 posts)And dulce de leche, especially so.
I have a glass of pure lemon juice after eating something I shouldn't - undiluted, save for a little vanilla extract to take the edge off. Brrrrrr...but it works!
mountain grammy
(26,621 posts)HEB is my best memory. The one in Midland was one of the best grocery stores I've ever shopped in..
FailureToCommunicate
(14,014 posts)new WATERMELON flavor!
zalinda
(5,621 posts)Not only do their employees get to take home product, but they give generously to our Food Bank here in Central New York.
Z
beastie boy
(9,347 posts)Kinda gives you hope, doesn't it?
Kittycat
(10,493 posts)mountain grammy
(26,621 posts)made his products. But when Steve left this world, though he left behind great things, I doubt any of his workers shed a tear for the man and I doubt he even cared. Ulukaya shows us that a company can be successful by valuing and rewarding their workers. What a great story.
TexasBushwhacker
(20,190 posts)hE transferred ownership of the conpany to the employees. It is now an ESOP (Employee Stock Ownership Program). He could have sold it for many millions of dollars.
stillwaiting
(3,795 posts)We must find ways to give our financial support to companies that deserve it.
Very few do these days.
Kittycat
(10,493 posts)One of the few companies that offers a full line of baking alternatives for those of us that have food sensitivities and allergies, too.
3catwoman3
(23,987 posts)...in either the lemon or each Chobani flavors - mmm, mmm, good.
One more reason to buy this brand - a wise and caring CEO. It can be done.
IDemo
(16,926 posts)and just announced a $100 million dollar expansion. This has been a huge plus for the area.
http://magicvalley.com/news/local/chobani-s-m-plan-yogurt-company-to-expand-twin-falls/article_5981fe76-5272-5966-bdc2-b94897687b4d.html