Muslim workers in Fort Morgan fired over prayer dispute walkout

[FrodosPet]

99. That's because it is EMPLOYEE owned, not state owned

It is still operating in a capitalist environment. And they seem to be doing a good job of it!

https://en.wikipedia.org/wiki/Publix

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Publix stock

Publix stock is restricted: it can only be owned by current or former associates or board members and cannot be sold outside the company without first being offered to the company for repurchase.

Publix offers stock to its associates through 3 programs: Profit plan (ESOP), Purchase plan, and 401(k) plan. The profit plan generally gives an associate who has worked 1500 hours in an anniversary year, 7-10% of the regularly pay earned in the form of free stock on March 1 of the following year. An associate must work three years to be vested in the plan. The plan is at no cost to the associate.

Publix associates may buy the stock outright in the Purchase plan; however, there is a 1-year restriction on buying stock once it is sold.

Publix matches 50% of 3% of eligible wages through the 401(k) plan, up to $750 per year in matched contributions.

In addition, Publix offers stock to its Board of Directors through a separate plan.

The stock pays quarterly dividends that have been steadily increasing since 2000 and yield just under 3 percent.

The stock was made available to associates in the late 1950s, priced at $2.50 per share. Discounting all splits, one share of Publix stock purchased in 1958 would be worth $23,200 in March 2013 (not including dividends). The stock has a compounded annual growth of 18% from 1958 to 2013. The price of Publix stock is currently $41.80 as of December 31, 2015.

Publix stock is quoted on the US OTC market under the code PUSH.[75] It is listed on the 2014 Fortune 500 list at #104.

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