Chobani CEO gives Twin Falls employees ownership stake
TWIN FALLS, Idaho – Chobani’s CEO visited a plant in Twin Falls to tell workers about the company’s plan to give employees an ownership stake in the privately held company.
The Times-News reported that Hamdi Ulukaya met with employees on Thursday to explain that the company had explained earlier this week that it would give about 2,000 full-time employees a 10 percent ownership stake. The amount each employee receives is based on time at the company, but the average is likely to be about $150,000.
A number of Idaho employees said they were surprised by the announcement. They said having an ownership stake in the company makes Chobani feel more like a family business.