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Boss Gives Business to Employees

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Boss Gives Business to Employees 'It's a Wonderful Life' has come to life in Bemidni, Minnesota, with a hero as public-spirited as the George Bailey of the Capra classic. 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 1st to an ESOP (Employee Stock Ownership Program), in which each employee will own stock. The number of shares will be based on their salary and their years of service.


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