nah, the company just takes good care of its people because that’s what makes us succeed. I started making sandwiches in the deli in high school, and I worked my way up through college and since to being a POS Engineer in IT. The whole culture is about investing in people so they are passionate and excited about their jobs, and providing avenues for growth. Bringing bottom-up knowledge to corporate is extremely valuable to the business and they do a good job of maintaining the talent pipeline.
Again it’s private, family-owned. I also get a profit-sharing bonus and private-stock that Has grown on average 20% every year since the ESOP was introduced in 1965. Last year the Chairman, the son of the founder of the company, gave his retirement speech about the stock price when the ESOP was established back then, what it is now, and what that meant to any individual who happened to be around for that duration.
$1 of Wawa stock in 1965 is like $88 now lol.
Half of corporate has been around since the 90’s, and there’s a few old heads who have been around since the 80’s. They all have tens of millions in stock, especially since Wawa had a stock buyback in 2004 where employees could elect to exchange the ENTIRETY of their 401Ks for equivalent stock.
im vested now, and in 2029 the DuPont family’s 20% stake in the business expires at which point the company will do another one of those 401K exchanges. I’m hoping to retire at 50 lol