He Left Company Ownership to its 700 Employees

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February 22, 2024 a project of ServiceSpace The only riches that last are the ones that are given away. - David Khalil - He Left Company Ownership to its 700 Employees Nearly half a century ago, Bob Moore founded a natural foods brand that now boasts over 200 products in more than 70 countries. On February 10, at the age of 94, he passed away peacefully in his home in Oregon, US. Having grown Bob's Red Mill and Natural Foods with his wife, who passed away in 2018, Moore began securing the company's legacy in 2010, by transferring ownership to its employees -- over 700 of them. Last year, he told the Portland Monthly, "There's an element of how you treat people that impressed me. And sharing in the profit, sharing in the company to make things more fair and more benevolent impressed me, and I felt strongly about it. Originally, we started giving employees a percentage of the profits -- just whenever you do well, you pay them extra money. We did that for a number of years, and eventually the government came up with this ESOP, employee stock ownership plan, and that was an established program. We did a lot of investigating -- nine years -- to decide that was the right thing for Bob's Red Mill." { read more } Be The Change Find something to share with someone else today. Whether a moment, a meal, a kind word, large or small, tangible or not, see how the act of sharing affects your spirit. COMMENT | RATE             DailyGood is a volunteer-run initiative that delivers "good news" to 153,212 subscribers. There are many ways to help. To unsubscribe, click here. Other ServiceSpace projects include: KindSpring  //  KarmaTube  //  Conversations  //  Awakin  //  More