Share this article:

Chobani boss makes staff rich

Chobani boss makes staff rich

Staff at US yoghurt maker Chobani could soon be made millionaires, with the CEO announcing he will dole out 10% of the company's shares to them.

The shares will be distributed to around 2000 staff worldwide, with the amount given dependent on each employee's length of time at the company.

Each staff member recieved a white envelope with a letter informing them they were now shareholders - The New York Times reports. 

Staff will not know how much they will receive until the company is given a value. It is estimated that the business has a value of billions of pounds.

Continue reading for FREE!

Sign up for a myGrapevine account to get:

  • Unlimited access to News content
  • The latest Features, Columns & Opinions
  • A full range of specialist HR newsletters to choose from

Welcome Back

Sign up for myGrapevine

* By creating an account you agree that you have read and agree to our Terms and Conditions and that Executive Grapevine International Ltd and its partners may contact you regarding relevant content and products. You will also be added to the HR Grapevine newsletter mailing list.