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🚀 Boosting the development of 1,000,000 high performers by 2030 || Sharing lessons from 30+ years of building, being on + leading teams || Coach and former sub-4:00 miler || NOT interested in franchise opportunities 😎

CEO Hamdi Ulukaya's Insight On How He Built Chobani's Culture - Development Share of the Day #18 In 2007, Hamdi Ulukaya founded the Chobani yogurt company in an abandoned yogurt facility in upstate New York. His strategic goal was not just to build a product, but to build a culture. In 2008 he came up with a brilliant idea. He decided to share 10% of the company's value with employees. As a person who came from a background of farming, Ulukaya was frustrated how what he called "ordinary working people" were not recognized for their contributions. When the company reached 2,000 employees, he announced that they were going to give them shares in the company. He marveled at the impact this change had on the team. Hamdi said that the staff was always proud, but that the ownership piece was missing. In his eyes, it made the Chobani team faster, more passionate and happier. I have been part of multiple life sciences companies that have taken this approach and given stock across the entire employee base. In every case, both the company success and employee morale have risen due to this compensation strategy. What have you experienced with respect to equity in the organizations you have joined? #innovation #culture =================== Are you interested in seeing content focused on #personaldevelopment, #highperformance and #leadership? If so, feel free to follow me, Steve Gerhart so you don't miss any posts. Thanks for stopping by. (Source: Inc. Magazine, Hamdi Ulukaya on Bringing Humanity to Leadership)

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