Bob Moore, founder of Bob’s Red Mill, stunned the business world by gifting his entire $100 million company to his employees upon his passing. Instead of selling to corporate buyers, Moore ensured his business would remain in the hands of those who helped it thrive.
Moore’s decision was rooted in his deep appreciation for his employees, who he credited with building the company’s legacy. By structuring the transition as an Employee Stock Ownership Plan (ESOP), workers at every level became partial owners, allowing them to share in the company’s ongoing success.
Bob’s Red Mill, known for its whole-grain products, has remained a model of ethical business practices, with its employees now reaping the rewards of shared ownership. The move solidified Moore’s reputation as a visionary leader who prioritized people over profit.
In a statement before his death, Moore expressed gratitude for his team, saying, “People are the heart of this business. I couldn’t imagine a better way to ensure it continues to thrive.” His decision continues to inspire entrepreneurs and employees alike, proving that success is best shared.
