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.