3mo ago

How the late Bob's Red Mill founder avoided selling out to a food giant and instead transferred ownership to his 700 employees

1y ago

How the late Bob's Red Mill founder avoided selling out to a food giant and instead transferred ownership to his 700 employees

1y ago

How the late Bob's Red Mill founder avoided selling out to a food giant and instead transferred ownership to his 700 employees

11 comments

I hope that's the way Valve goes when Gabe dies.
- When I die, I hope to give my body to a bunch of employees, too. Just dump me at the nearest Comcast office with a resume for "customer service rep" stapled to my forehead.
I always thought red mill was just another marketing shtick but it's the real deal. Awesome stuff.
- Unfortunately they're selling the old red mill building and the cafe.
The fact I'd never even heard of ESOP as an ownership model, yet hear all the time about all sorts of other crazy schemes like derivatives, dividends, buybacks, SPACs, short-selling, calls, puts, blah blah blah.. being sold as vehicles of wealth for 'the poors' like us, just shows how slanted our markets are against any sort of meaningful worker ownership like this.
Time to start shouting "ESOP!" everywhere we can!
Absolute baller
I hope they blow this up into one of those memes that gets posted every week on /mademesmile with the title "We need more business owners like this!"
- Be the memes you want to see in the world.
- Well it happened last year, so this is pretty much that.
  
  Keanu Reaves gif
Based Colonel Sanders
And, they've managed to not turn into a bad version of employee owned businesses.

11 comments