Why Worker-owned Publix is Walmart’s Biggest Nightmare

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Publix, the fastest-growing grocery chain in America, isn’t a corporate giant that exploits workers, but an employee-owned company that’s more profitable than any of its competitors.

Talesfromthelou

Publix became the most profitable grocer in the country by doing the opposite of what Walmart does.

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Source: Why Worker-owned Publix is Walmart’s Biggest Nightmare

usuncut.com

Tom Cahill

November 29, 2015

Publix, the fastest-growing grocery chain in America, isn’t a corporate giant that exploits workers, but an employee-owned company that’s more profitable than any of its competitors.

Unlike Walmart’s hourly workers, who just got a raise to $9 and $10 an hour, Publix workers get a piece of the company after putting in 1,000 hours and working for the company for over a year. Each employee-owner takes home an additional 8.5 percent of their take-home pay every year in stock options. According to Forbes, 58,000 of the company’s 159,000 workers are on track to become owners, and the company makes sure each potential owner gets a broad sense of the business by rotating them through its grocery…

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