Employers in S'pore always trying to further exploit employees and ripping them off.............................but in America leh................
Joe Lueken, who owns 3 grocery stores in Minnesota, and North Dakota, is retiring at age 70. Instead of selling his stores, he will transfer ownership to the stores' 400 employees.
Last week, he named longtime employee Brent Sicard as the company's new president and CEO. Sicard started out as an overnight janitor at Lueken's Village Foods in 1998 and has worked his way up.
The employees will participate in an employee stock ownership program, receiving shares based on length of service and salary -- and at no cost to them.
He explained his reason: "My employees are largely responsible for any success I've had, and they deserve to get some of the benefits of that."
He says he received a number of lucrative offers for his business, but he and his family realize what the supermarkets do for the community. "You can't always take," Lueken says. "You also have to give back."
In his retirement, he and his wife, Janice, want to travel, and they hope to leave a lasting legacy. Lueken stresses the importance of "doing the right thing" for people, empowering them to help themselves and others.
Joe Lueken, who owns 3 grocery stores in Minnesota, and North Dakota, is retiring at age 70. Instead of selling his stores, he will transfer ownership to the stores' 400 employees.
Last week, he named longtime employee Brent Sicard as the company's new president and CEO. Sicard started out as an overnight janitor at Lueken's Village Foods in 1998 and has worked his way up.
The employees will participate in an employee stock ownership program, receiving shares based on length of service and salary -- and at no cost to them.
He explained his reason: "My employees are largely responsible for any success I've had, and they deserve to get some of the benefits of that."
He says he received a number of lucrative offers for his business, but he and his family realize what the supermarkets do for the community. "You can't always take," Lueken says. "You also have to give back."
In his retirement, he and his wife, Janice, want to travel, and they hope to leave a lasting legacy. Lueken stresses the importance of "doing the right thing" for people, empowering them to help themselves and others.
