Those of you debating the value of a college degree today: Almost every Publix grocery store manager/executive (250K employees- the largest employee owned company in America) started bagging groceries. Store managers (2500 stores) routinely retire with more than $1M in company…
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@FXRegan
Publix has around 1400 stores; the stock is not traded on an exchange, so it is not very liquid, but that’s what enables control to be maintained by employees, retirees & founders. Market cap of $60B based on 4B authorized shares & board-determined $15.20 share price. P/E of…
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@davidcherr
There are +2500 stores and growing. Yes the stock is not very liquid but that’s the point. They are employee-owners. Most are on it for the long haul.
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@FXRegan
So true. I have two friends from my hometown who did just that. One of them retired a wealthy man in his early 40s. Headed to a Publix he opened in 2004 as soon as I hit send.
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@FXRegan
A great place to work 🥳. I drive out of my way to shop Publix - best grocery store ever
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@FXRegan
Like the F.B.I. I think they should hire more grocery store baggers as Intel analysts and junior special agents.
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@FXRegan
You are correct. I have a friend from high school who retired a millionaire a few years ago. He started when we were in high school in the late 70s.
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@FXRegan
That used to be the UPS model. That has changed significantly over the last 20 yrs. It began when they went public. It has accelerated under an outside CEO who has sought to change the culture and now the company is no better than any other Corp. It's sad.
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