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69-year-old CEO says he turned 19 employees into millionaires after selling the company in a $1 billion deal

Summary by CNBC
Bill Phelps made 19 of his employees millionaires after selling a majority stake in Dave's Hot Chicken.

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19 US Employees Become Millionaires After CEO Sells Company Stake

Bill Phelps, the CEO of Dave's Hot Chicken and former CEO and co-founder of Wetzel's Pretzels, recently revealed that he turned 19 of his employees into millionaires after selling a majority stake to...

·New Delhi, India
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69-year-old CEO says he turned 19 employees into millionaires after selling the company in a $1 billion deal

Bill Phelps made 19 of his employees millionaires after selling a majority stake in Dave's Hot Chicken.

·United States
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CNBC broke the news in United States on Tuesday, June 10, 2025.
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