Thursday, March 4, 2010 Business
"I resolved to stop accumulating and begin the infinitely more serious and difficult task of wise distribution."
— Andrew Carnegie

Ceo Gifts His Company to Employees

Ceo Gifts His 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 Natural Foods. Moore, whose mutual loves of healthy eating and old-world technologies spawned an internationally distributed line of products, responded with a gift of his own -- the whole company! By unveiling a new Employee Stock Ownership Plan, Moore's 209 employees now own the company and its 400 offerings of stone-ground flours, cereals and bread mixes. "In some ways I had a choice," Moore said of what he could have done with the company he founded with his wife, Charlee, in 1978. "But in my heart, I didn't. These people are far too good at their jobs for me to just sell it."

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