Marketplace Scratch Pad

No, not the beer!

Scott Jagow Jun 10, 2009

One of the big stories today is the new proposal for monitoring executive compensation. You can read about that here. I don’t have much new to add on that subject for now. I’d rather talk about free beer.

CNN Money is doing a series on small businesses that have great bosses. New Belgium Brewery in Colorado is one of them:

After one year of work, each employee receives an ownership stake in the company and a free custom bicycle. After five years every employee enjoys an all-expenses-paid trip to Belgium — the country whose centuries-old beer tradition serves as a model for the Fort Collins, Colo., brewery. Oh yeah, and employees get two free six-packs of beer a week.

“There’s something wrong if making beer can’t be fun,” says CEO Kim Jordan, who co-founded the company with her husband, Jeff Lebesch, in 1991.

But perhaps we need to investigate executive compensation at the brewery. Raises for rank-and-file employees are down from 7 or 8% to only 4%. And until recently, workers each got a case of beer per week. That’s been whittled down to two six packs.

I’m outraged. Fat Tire is delicious, and these people deserve more of it.

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