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Chobani’s hero owner gives workers hundreds of millions in stock

I’m not a huge fan of Chobani’s yogurt, but I have to say I’m a big fan today. Chobani’s owner, Turkish immigrant Hamdi Ulukaya, just rewarded the 2,000 employees who helped build it into a company worth $3 billion by giving them a collective 10% ownership stake. Each employee gets stock worth $150,000 on average, but … Continue reading “Chobani’s hero owner gives workers hundreds of millions in stock”

I’m not a huge fan of Chobani’s yogurt, but I have to say I’m a big fan today. Chobani’s owner, Turkish immigrant Hamdi Ulukaya, just rewarded the 2,000 employees who helped build it into a company worth $3 billion by giving them a collective 10% ownership stake. Each employee gets stock worth $150,000 on average, but the earliest employees could be millionaires. 

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As Ulukaya told the New York Times

 “I’ve built something I never thought would be such a success, but I cannot think of Chobani being built without all these people.” 

This is a rare thing to do once a company is already successful. It’s even rarer outside of the tech world. It would be lovely to see more executives pay attention to Chobani’s actions. 

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About the author

Jessica Leber is a staff editor and writer for Fast Company's Co.Exist. Previously, she was a business reporter for MIT’s Technology Review and an environmental reporter at ClimateWire

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