Bob Moore, the founder of Bob's Red Mill, who gave his company to the employees, is no more..!
- byAdmin
- | UPDATED: 21 Feb, 5:53 pm IST
When a company is on track for profits, it usually increases salaries and announces bonuses for employees. However, a millionaire entrusted 700 employees with the responsibility of owning his company. Bob Moore (94), the founder of 'Bob's Red Mill', who gave them rights to the company, has passed away.
Moore from America established this company in 1978. It is famous for its quality products of snacks. Moore took the company to a higher level with his efforts. He thought highly of the role of his employees in it. He wanted to give them ownership of his company. On his 81st birthday in 2010, 209 employees were allotted ownership shares. It is noteworthy that Moore has already withdrawn from the management. Currently, there are 700 employees. With this, it has completely become an employee company.
My intention is to avoid the tradition of a company prioritizing profits over employees. Many people approached me to sell the company. They mocked me when I told them my decision. Along with striving for success, it is also important to be kind to those who work for us. That's why the company makes a decision for the employees immediately after taking the profit trail. I have a lot of money. They are not being spent in vain... are they being used to achieve a good goal,'' Moore said on an occasion.
According to Forbes, the income of Bob's Red Mill is estimated to be 100 million dollars by 2018. Currently selling more than 200 products in more than 70 countries. The company recently announced in a statement that Moore passed away on February 10. All the employees condoled his death.

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