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

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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

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About missamandapearl

♥ I'm a spunky girl with a big heart and an open mind. I can't ride a bike and dislike capital letters. I'm slightly obsessed with my kitties - Daisy, Stella, Loki and Marley - but I bet if they were yours you would be, too. I laugh all the time - loudly and mostly at myself. my favorite things include, but aren't limited to: fabulous people, my fantastic husband-to-be, traveling, live music, social media, a good read, working out, furry friends, the Golden State Warriors, photography, and sushi. Everyone, including you, looks like an animal - and I won't hesitate to tell you which one. I was born and raised in the 650, spent some of the best years of my life at UCSB as a gaucho and am now a proud angelino; its taken some time, but I effing love└A.

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