Chobani millionaires: employees could split 10% of yogurt company windfall

Discussion in 'Market News' started by Lily, May 4, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    CEO of Greek yogurt giant, which sold more than $1.6bn worth of products last year, says 2,000 employees will receive shares in the company

    “It’s exactly the time to do this,” said Hamdi Ulukaya, CEO of Greek yogurt giant Chobani, as he informed his 2,000 employees that they will each receive shares in the billion-dollar-plus yogurt company if it goes public or is sold.

    The stake to be divided among the employees amounts to 10% of the company, which sold more than $1.6bn worth of yogurt last year and has been valued between $3bn and $5bn. Some longtime employees are likely to receive seven-figure stakes, making them yogurt millionaires.

    My lifelong dream is now a reality: sharing @Chobani with the 2,000 people who helped create it

    Related: How using the word ‘how’ could get you sued

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