That’s a lotta yogurt.
A few weeks ago, Chobani founder Hamdi Ulukaya announced stock grants to all 2000 full time employees, totaling about 10% of the company’s $3-5b value.
A Turkish immigrant, Hamdi founded the company just 11 years ago. (Do you remember life before Greek yogurt?) Chobani’s initial operation was a defunct Kraft yogurt plant in New Berlin, NY, near Syracuse, bought with the help of an $800k SBA loan.
Some more detail on this announcement, along with the slightly messy backdrop of the company’s TPG bailout, can be found here.
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