Greek Yogurt company Chobani is giving its employees an ownership stake in the privately held business. CEO and founder Hamdi Ulukaya met with employees yesterday to discuss the plan in person.
The central New York based Greek yogurt maker says the shares being distributed would amount to 10 percent of the company's future value in the event of a sale or initial public offering. It says each of its approximately 2,000 full-time employees will receive shares based on their role and time spent with the company.