Business Quote by Brian de Haaff
““There are many ways to earn the love of employees. Hamdi Ulukaya, founder of multi-billion dollar yogurt maker Chobani, made headlines when he awarded his two thousand full-time employees stock worth up to 10 percent of the company’s value when it goes public or is sold. Ulukaya said in a letter to staff, “This isn’t a gift. It’s a mutual promise to work together with a shared purpose and responsibility. To continue to create something special and of lasting value.”3 Apart from making instant global news, the stock award was also a shrewd business move. Research from The University of Pennsylvania shows that employee-owned companies — even ones in which employees are minority owners — outperform their competitors.4 It is true that Ulukaya now has a slightly smaller stake in Chobani. But it is likely worth a lot more, especially when you consider this research and how employee owners are incentivized to work harder toward the success of the business.””
About This Quote
Source Speech: Letter to Chobani staff, 2020
Sharing ownership aligns employee incentives with company success, fostering purpose and higher performance.
In simple terms: Employee ownership boosts motivation and results.
Give employees equity to build shared purpose.
Themes
Mood
Type
When to use this quote
- company meetings
- HR policies
- employee onboarding
- performance reviews
Key Concepts
Questions to Reflect On
- How does equity affect employee engagement?
- What risks arise from widespread employee ownership?
Equity can dilute founder control and may not suit all business models.