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Owner of Multi-Million Dollar Company Hands Over Business to Employees

Robert Poor

Bob Moore, founder and owner of Bob's Red Mill Natural Foods, says "I don't think there's anybody worthy to run this company but the people who built it."

Note especially the financial vehicle he's put into place: an ESOP, where "stock is put in a retirement plan for its employees, but the stock is never held or bought directly by individuals. When a vested employee retires, he can pull out money from the trust."

More companies could consider doing this.

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