Another round

People tend to forget now, but Joe Albertson started out working at someone else’s supermarket.

Dropping out of the College of Idaho, he started as a clerk for the Safeway grocery chain. He was successful there, moving into midmanagement in his early 30s, but it wasn’t satisfying. Albertson thought he had a better way to run a grocery – they didn’t call them “supermarkets” then – and wanted to try running one on his own. Merging some of his own savings and some investments from a few other S...