Nice supermarket boss gives his employees the business for Christmas
11/26/2012Some bosses give their employees a small token of their appreciation as a holiday gift. Joe Lueken, who owns two supermarkets in Bemidji, Minn., and one in Wahpeton, N.D., is giving his employees the whole business. Lueken, 70, is retiring and, instead of selling off Lueken's Village Foods to the highest bidder, has decided to transfer ownership of the business he spent 46 years building to his 400 workers. Their tenure will begin January 1, through an Employee Stock Ownership Program. "My employees are largely responsible for any success I've had, and they deserve to get some of the benefits of that," Lueken said. Employee Maria Svare said of her generous boss, "He's rockin' awesome." [Source]
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