Man Gave Company to Employees on His Birthday

Usually, you get presents on your birthday - but on his 81st birthday, it was business owner Bob Moore that gave out presents. A big present, actually: he gave his whole company to his 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 love of healthful eating and old-world technologies spawned an internationally distributed line of products, responded with a gift of his own — the whole company. The Employee Stock Ownership Plan that Moore unveiled means that his 209 employees now own the place and its 400 offerings of stone-ground flours, cereals and bread mixes.

"This is Bob taking care of us," said Lori Sobelson, who helps run the business' retail operation. "He expects a lot out of us, but really gives us the world in return."

Link (Photo: Doug Beghtel/AP)

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Sounds like a classy guy and a good business. Those employees get to be doubly happy due to now having a stake in the company as well as the increased promotion because of this nice story.
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