[The Audiofiles] When Selling Out Benefits Everyone: Moog Music Sells Company to Employees

unnamed (3)In an unprecedented move yet still completely in line with the values of their company as well as the current electronic music community, Mike Adams – the President and CEO of Moog Music Inc. – stopped by the factory yesterday for an important, yet unannounced meeting. Without skipping a beat, he commenced by revealing the following

“I called you all here to let you know I sold the company….the good news is I sold it to all of you.”

As of June 6th, Moog Music Inc. is thrilled to announce that moving forward they will be an employee owned company. Founded by Dr. Bob Moog – a family man who championed the synthesizer – Moog is an electronic musical instrument company that manifests tools that demonstrate an artists talent and creativity in infinite directions, not to mention – they’re responsible for Asheville’s famed Moog Fest.

“The employees at Moog Music Inc. are what make this company successful,” said Adams. “I feel the best way to recognize their passion and hard work is to give them ownership.”

Said Dr. Ileana Grams-Moog, Dr. Moog’s widow, “Bob and I consulted an expert in worker-owned businesses in 2001, but weren’t able to make employee ownership at Moog a reality. Bob would be thrilled that Mike Adams realized this shared dream 14 years later.”

For more about Moog Music Inc, head to their socials –

Website | Facebook | Twitter

Cross Published on The DJ List

Leave Some Lovin'

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.