Minnesota grocer gives company to his faithful employees

[Scott T]

http://ca.news.yahoo.com/blogs/good...ves-company-faithful-employees-170934882.html

Joe Lueken, 70, is ready to say goodbye to the successful grocery store chain he spent 46 years building.

Instead of selling Lueken's Village Foods to the highest bidder, however, Lueken is transferring ownership of his three stores, two in Bemidji, Minnesota and another in Wahpeton, North Dakota, to his 400 workers through an Employee Stock Ownership Program (ESOP).

My employees are largely responsible for any success I've had, and they deserve to get some of the benefits of that," Lueken told the Star Tribune earlier this week. "You can't always take. You also have to give back."

How about that, somebody actually gets it!

 

[seasoned]

What a great gift.

 

[Bill Mattocks]

Interesting, here's another just like it:

http://seattletimes.com/html/businesstechnology/2011111010_birthdaygift18.html

On 81st birthday, Oregon man gives company to employees
Scores of employees gathered to help Bob Moore celebrate his 81st birthday this week at the company that bears his name, Bob's Red Mill...

It's cool when a business owner does that.

 

[dancingalone]

Interesting, here's another just like it:

http://seattletimes.com/html/businesstechnology/2011111010_birthdaygift18.html



It's cool when a business owner does that.

What a nice human interest story. I actually buy Bob's Mill Steel Cut Oats since it is sold locally here at a great price. Nice to know the formerly sole owner is a great guy too.