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Employees to get shares in Chobani

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

“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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Last modified onThursday, 28 April 2016 11:44

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