Chobani Makes Headlines with Stock Grant

On April 26, the yogurt maker Chobani announced that members of its 2,000-person workforce would be receiving an ownership stake worth around 10% of the company. The extensive press coverage (see the New York Times and NPR, for example) struck a chord with the public, and that's because this is the opposite of the business stories we have become used to hearing. Chobani CEO Hamdi Ulukaya made his generous decision to provide stock to the workers at a time when most headlines are about income inequality, outsourcing, fights over the minimum wage, and deindustrialization.

See the NCEO's full commentary on Chobani and what it says about the state of employee ownership. We encourage you to forward this by email and social media.