Employees to get shares in Chobani

THE GUARDIAN: Greek yogurt company Chobani will offer shares to 2,000 employees.

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“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.

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