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Spokane, Washington  Est. May 19, 1883

Eye On Boise

Chobani owner gives shares in company to all full-time employees; NYT says ‘At Chobani, now it’s not just the yogurt that’s rich’

The owner of Chobani, the yogurt manufacturer that has a big plant in Twin Falls, has decided to give all its full-time workers shares in the company, the New York Times reports today. The shares will go to 2,000 full-time workers at the company’s plant in upstate New York, and 1,000 at the Twin Falls plant, with an average value per employee of $150,000. Each employee’s shares will vary based on how long they’ve worked for the firm.

Hamdi Ulukaya, the Turkish immigrant who founded Chobani in 2005, told the Times, “I’ve built something I never thought would be such a success, but I cannot think of Chobani being built without all these people.” Ulukaya visited the New York plant on Tuesday to share the news with workers there; the Idaho Statesman reported today that he’ll do the same at the Twin Falls plant on Thursday. The full New York Times article is online here; it’s headlined, “At Chobani, Now It’s Not Just The Yogurt That’s Rich.”



Betsy Z. Russell
Betsy Z. Russell joined The Spokesman-Review in 1991. She currently is a reporter in the Boise Bureau covering Idaho state government and politics, and other news from Idaho's state capital.

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