Well, on a federal level, you can be sure that idiocy and political brinkmanship will act as moving barriers against anything substantial being done for the American worker any time within the next millennium. Luckily, our system of government and our quasi-free market allegiance mean that not just local governments, but also super cool and legendary companies like Moog can more or less do its part to make Congress look like the ineffectual catheter-wearers that they are. The late Bob Moog would be proud; who would’ve guessed that the Asheville, NC-based synth manufacturer would be flourishing to the point of formal and rampant employee love… in 2015?!
First reported by The New York Times, Moog CEO Michael Adams has just announced the implementation of an employee stock ownership plan, which means that 60 of Moog’s 61 full-time employees (excluding Adams’s son) effectively own 49% of the company, opposite Michael’s 51%. Upon each employee’s retirement, they can “cash out the shares they accumulated over the course of their employment” at no cost to the employees themselves, initially or ever.
None of this would have been possible were it not for Moog’s recent financial success (following a near-shuttering at the beginning of the 2000s), demonstrated by an average revenue growth of 18% over the past 12 years. It ain’t just Daniel Lopatin, it seems.
• Moog: http://www.moogmusic.com
