Massively looks at the best free to play games

AOL Money & Finance

Big company, small town: Publix, Lakeland, Florida

More

This post is part of our Big Company, Small Town series, featuring large companies and the small towns in which they are headquartered.

Publix Super Markets is the largest employee-owned supermarket chain in the U.S. with 936 stores in Florida, Georgia, South Carolina, Tennessee, and Alabama. You must be an employee of Publix to buy stock in the company. More than 30% of the stock is owned by employees, and more than 30 million shares are owned by members of the founding family -- Jenkins. Its chairman is a family member -- Charlie Jenkins, Jr.

Publix ranks number 11 on the Forbes list of largest private companies, and 107 on the Forbes 500 list. It employs more than 100,000 employees, with revenues over $23 billion.

Yes, if you haven't figured it out, the company was founded by a Jenkins -- George W. Jenkins, Jr., in Winter Haven, Florida, in 1930. In 1940, Jenkins built Florida's first supermarket by mortgaging an orange grove. Jenkins moved the headquarters for Publix to Lakeland, Florida, in 1951, and built its first distribution warehouse there. In 2005, Publix celebrated its 75th anniversary.

George Jenkins, known as "Mr. George" to his employees, was well-loved throughout Polk County -- the county for both Winter Haven and Lakeland. You'll still hear people say, "If George Jenkins were alive today ..." He was so well-loved that there is a boulevard, high school, and arena named after him in Lakeland.

George Jenkins was known for his philanthropy throughout central Florida. Once in an interview he was asked, "If you hadn't given away so much, how much do you think you would be worth today?" His response, "Probably nothing." The company maintains this tradition of giving back to the community. In addition to giving grants to thousands of local projects, where its stores are located, Publix, its employees, and its customers, also participate in five companywide fund-raising campaigns -- the Special Olympics, March of Dimes, Children's Miracle Network, United Way, and Food for All.

When you go to Lakeland you'll see Publix facilities all over the town, in addition to its headquarters, including a distribution center, a bakery plant (odors can make you very hungry), dairy plant, deli kitchen, fresh foods center, and a printing supplies center.

Lita Epstein has written more than 20 books, including Trading for Dummies and Reading Financial Reports for Dummies.

Be sure to check out more Big Company, Small Town posts.

Reader Comments (Page 1 of 1)

Symbol Lookup
IndexesChangePrice
DJIA-223.328,280.74
NASDAQ-49.201,796.52
S&P 500-26.91896.42

Last updated: July 06, 2009: 02:18 AM

BloggingStocks Exclusives

Hot Stocks

DailyFinance Headlines

Latest from BloggingBuyouts

TheFlyOnTheWall.com Headlines

    BioHealth Investor Headlines

    WalletPop Headlines

    My Portfolios

    Track your stocks here!

    Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

    BloggingStocks Partners

    More from AOL Money & Finance

    WalletPop Headlines