The 91-year-old regional grocery chain based in Lakeland, Fla., generated $48 billion in revenue last year, making it the largest employee-owned company in the U.S. Only current employees and board directors can purchase Publix stock, which has turned many longtime staffers into millionaires. CEO Todd Jones, who himself started as a bagger, says the model is part of the company’s secret sauce: Employees feel like they have skin in the game. Staff at Publix tend to stick around, and many see career growth; some 90% of store managers started out working on the floor. Read more: Shoppers are obsessed with Publix and Wegmans. Here’s what it’s really like to work there.
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Courtesy of Publix
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