Founder Of Bob's Red Mill Natural Foods Transfers Business To Employees (Demo)

This report appeared in The Oregonian:

“This is Bob taking care of us,” said Lori Sobelson, who helps run the business’ retail operation. “He expects a lot out of us, but really gives us the world in return.” Moore declined to say how much he thinks the company is worth. In 2004, however, one business publication estimated that year’s revenues at more than $24 million. A company news release issued this week stated that Bob’s Red Mill has chalked up an annual growth rate of between 20 percent to 30 percent every year since.

“In some ways I had a choice,” Moore said of what he could have done with the company he founded with his wife, Charlee, in 1978. “But in my heart, I didn’t. These people are far too good at their jobs for me to just sell it.”

This is what business leadership SHOULD BE! The Employee Stock Ownership Plan (ESOP) Moore unveiled means that his 209 employees now own the place and its 400 offerings of stone-ground flours, cereals and bread mixes.

See Employee Stock Ownership Plan at http://www.cesj.org/homestead/creditvehicles/cha-esop.htm

Sign the Petition at http://signon.org/sign/reform-the-federal-reserve.fb23?source=c.fb&r_by=3904687

Sign the WhiteHouse.gov petition at https://petitions.whitehouse.gov/petition/reform-federal-reserve/PhY3Jswk

http://www.oregonlive.com/clackamascounty/index.ssf/2010/02/bobs_red_mill_natural_foods_ro.html