Rather than selling Bob’s Red Mill to a large corporation,
Bob Moore transferred full ownership to his 700 employees. He founded the
company at age 49 and passed away at 94 last February. In 2010, Bob established
an Employee Stock Ownership Plan (ESOP), giving employees collective ownership
of the business. He made the announcement on his eighty-first birthday,
emphasizing the importance of sharing the company’s success with those who
contributed to its growth. The ESOP protects the company’s values and mission
from potential takeovers. Bob’s decision to keep the company independent
reflected his commitment to long-term success and his employees’ well-being.
This not only ensured financial security for the workforce but also
strengthened the sense of ownership and community within the company. Bob’s
legacy lives on through the employee-owned business, which continues its focus
on producing wholesome, natural foods. Several of these, like chia seeds, stone-ground
cornmeal, and powdered milk are in my pantry right now.