May 5, 2016
KGNU's Claudia Cragg speaks here with Joseph Blasi, the J. Robert Beyster Distinguished Professor at Rutgers University and the author of THE CITIZEN’S SHARE: Reducing Inequality in the 21st Century with Richard Freeman and Douglas Kruse.
Chobani yogurt founder Hamdi Ulukaya has announced that he is to give his workers a taste of capitalism by granting them a share in the value of the company. Ulukaya, who is also the CEO of the company, promised 2000 employees ten percent of the value of the entire corporation if the company goes public or is sold in the future. The potential value of this stake is quite significant since the media reported Chobani’s potential estimated value as high as $ 2-3 billion.
The Chobani story comes at a time when the economic plight of the middle class is fueling strong interest by voters according to primary exit polls. High passions and vigorous debates by both politicians and citizens characterize the rhetoric swirling through both the Republican and Democratic primaries. This issue has clearly scrambled the entire electorate in a way that is nothing short of historic and in every way volatile.