If you’ve been to a grocery store, you’ve probably seen Bob Moore’s face on oats, flour, and other packaged grain items. That’s because he was the owner of beloved natural brand Bob’s Red Mill. Sadly, Moore recently passed away at the age of 94. However, he left his company to the very people who helped him make it successful: his employees!
On Bob Moore’s 81st birthday, he created an Employee Stock Ownership Plan that would place his company in the care of his employees after his passing. Bob’s Red Mill now belongs to over 700 loyal workers!
“Bob’s legacy will live on forever in all of us who had the opportunity to work with him and is infused into the Bob’s Red Mill brand,” said CEO Trey Winthrop, according to the company website. “He did everything in his power to leave us on a strong path forward.”
The Institute for Policy Studies shared a post on X about Bob Moore’s passing. They praised his decision to leave his company to his employees to “make things more fair.”
When Bob's Red Mill founder Bob Moore passed away this month, he left ownership of the company to its 700 employees to "make things more fair."
— Institute for Policy Studies (@IPS_DC) February 22, 2024
This is what profit-sharing can look like. https://t.co/qxG8VAs1Nq
“This is what profit-sharing can look like,” the organization wrote.
Bob Moore will surely be missed, but his employees will continue to honor his memory through Bob’s Red Mill!
You can find the source of this story’s featured image here.
Want to be happier in just 5 minutes a day? Sign up for Morning Smile and join over 455,000+ people who start each day with good news.