The business of making yogurt is big news this week. First, Chobani Yogurt founder Hamdi Ulukaya announced he was handing over to his employees stock worth around 10 percent of the company. Ulukaya handed over white envelopes containing the shares to his employees at Chobani's New York facility on April 26 and Ulukaya is in Idaho Thursday to do the same thing for employees at the Chobani Twin Falls factory.
Experts say—assuming the company is worth $3 billion—some employees could someday soon be millionaires.
- Mike Mozart, CC by 2.0
The Press-Tribune reports the franchise was the grand prize in a "Franchise Venture" competition, in which students had to present business plans to successfully operate a frozen yogurt franchise—a subsidiary of Rocky Mountain Chocolate Factory, in Broken Arrow, Okla.
- Courtesy Northwest Nazarene University
"He has the work ethic to make this business successful," Rocky Mountain field consultant Casey Crail told the Press-Tribune. "His all-around thinking was very complete and very impressive."