Moog Music Gives Employees More Control
The New York Times reported at the Moog synthesizer factory in Asheville, N.C., on Tuesday, Michael Adams, the company’s owner and chief executive, wanted to share some life-changing news with the entire staff. “I’ve sold half the company,” he told them. Anxious silence descended among the tight-knit group, many of whom feel a familial loyalty to the business, which has been likened to Willy Wonka’s factory for electronic musicians. Then Mr. Adams revealed the buyer. “I sold it to you,” he said, to a relieved wave of whoops, applause and happy tears, according to employees present.
See the New York Times for the full article.