Real-Life 'Wonderful Life': Grocer Gives Employees His Stores

"It's a Wonderful Life" has come to life in Bemidji, Minn., with a hero as public-spirited as the George Bailey of the Capra classic movie. Grocery mogul Joe Lueken, 70, literally is giving away the store, to his 400 employees. After 46 years running Lueken's Village Foods, he and his family will start transferring ownership of the three-store chain on January 1 to an ESOP (Employee Stock Ownership Program), in which each employee will own stock. The number of shares will be based on their...Full Story
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