Posts tagged with: politicians

chobani-ceoAs politicians continue to decry the supposed “greed” of well-paid investors, business leaders, and entrepreneurs — promoting a variety of reforms that seek to mandate minimums or cap executive pay — one company is demonstrating the value of economic freedom and market diversity.

Chobani, a privately owned greek yogurt manufacturer, recently announced it will be giving a 10% ownership stake to its roughly 2,000 full-time workers, a move that could result in hundreds of thousands, if not millions, of dollars for some employees.

According to the New York Times:

Hamdi Ulukaya, the Turkish immigrant who founded Chobani in 2005, told workers at the company’s plant here in upstate New York that he would be giving them shares worth up to 10 percent of the company when it goes public or is sold.

The goal, he said, is to pass along the wealth they have helped build in the decade since the company started. Chobani is now widely considered to be worth several billion dollars.


Acton Institute President and Cofounder Rev. Robert A. Sirico spoke with Neil Cavuto this afternoon on Fox News Channel, discussing recent polling data indicating that our culture’s skepticism toward political leaders has grown once again. You can check out the interview below.

Anthony Bradley has written a thoughtful and challenging commentary titled, “John Edwards is the Real World.” Bradley discusses the moral bankruptcy and sexual infidelity that plagues our culture, and further highlights the seriousness of sin and its consequences. Bradley notes:

In the decades to come, stories like this will be the American social narrative because Americans are not inculcating virtue in children. Are parents today raising children to be women and men of prudence, courage, justice, and self-control? Or are we raising the kinds of children who will be the self-focused, egotistic, and narcissistic, believe they are invincible and are morally accountable to no one? That is, “successful,” but lacking integrity.

This is a refreshing commentary that discusses an important topic that will determine much about the future stability and ethical health of our nation.