And this will remind us all how just how good some people can be
Because I really do believe that the more love you give away - the more love grows inside you.
Meet Mr. Leuken
Employees in a small Minnesota town are getting quite a holiday bonus this year.
Joe Lueken of Bemidji, Minn, a successful local grocer who is planning his retirement, has decided to give his company to his employees rather than sell the small business to bigger buyers, the Star Tribune reports. Through an Employee Stock Ownership Program (ESOP), the 400 employees of Lueken's Village Foods will become the new owners at the start of 2013, despite offers from large independent chains.
"My employees are largely responsible for any success I've had, and they deserve to get some of the benefits of that," Lueken told the Tribune. "You can't always take. You also have to give back."
An ESOP is a stock equity plan that enables employees to acquire ownership in a company. The employees form a trust, which then purchases shares of the company. Employees generally contribute to the trust through payroll deductions.
In Lueken's case, however, he won't require his employees to pay anything for their shares, effectively giving the company to the employees for free.
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thank you Mr. Leuken - we need stories like this more often - you remind us that it really is a Wonderful World
( and that it's filled with wonderful people )
and once more for good measure -
"My employees are largely responsible for any success I've had, and they deserve to get some of the benefits of that," Lueken told the Tribune. "You can't always take. You also have to give back."
Indeed, words to live by, if I had the chance to meet you I would
What a wonderful story and a wonderful man!!! Thanks for sharing.
ReplyDeleteHe is a wonderful man! Not everybody is greedy in this world and this man recognized that he owes his success in great part to his loyal employees. That's more than we can say about Zellers here!
ReplyDeleteI love this story! If more owners gave their employees credit for their success, there would be a lot more job satisfaction. I give him a heart, too!
ReplyDeleteI have goose bumps reading about this wonderful generous man. Yay for a good story!
ReplyDeleteHow special this man is - I hope he is appreciated in his town and by the employees. Thanks for sharing the story.
ReplyDeleteAwesome story! We need more people like him in this country!
ReplyDeleteHi
ReplyDeleteWas wondering if you could email me - copp12@hotmail.com I have some questions for you re the chalk paint - Canadian. I tried to email you but my computer for some reason won't allow me.
dianne
Nice sentiments, Suzy.
ReplyDeleteWhat a wonderful story, and you're right we do need more people like this in this country. With stories like this it is still a wonderful country, hopefully it will continue.
ReplyDeleteHi Suzan!!
ReplyDeleteWOW!!!! What an incredible thing to do. The world needs more people like him in it.
Thank for a heart warming story!!
Pam
xox
Yes there are so many good people like this that exist. Looking forward to the others you find.
ReplyDeleteBliss
I love reading stories of goodwill.
ReplyDeleteDebbie :)