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In 1896, Sands, Taylor & Wood introduced a new brand of premium flour. George Wood had attended a performance of the musical King Arthur and the Knights of the Round Table, which inspired the name of the new product: King Arthur Flour. [6] The brand was introduced at the Boston Food Fair on September 10, 1896, to substantial commercial success. [4]
In May 2006, after a long period of home baking, [11] Philip moved to Vermont to work at King Arthur Flour in Norwich, Vermont. [10] He was hired by King Arthur head baker Jeffrey Hamelman. [9] [12] He is now head bread baker. [13] In 2017, Philip wrote the book Breaking Bread: A Baker's Journey Home in 75 Recipes.
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Shares are allocated to employees and may be held in an ESOP trust until the employee retires or leaves the company. The shares are then sold. Worker cooperatives are another form of employee ownership wherein workers are exclusive owners and managers of the firm, with one vote per employee in democratic decision-making.
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