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The Wawa Way by Bob Andelman, Howard Stoeckel

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Wawa has always been commitment to its associates, one of the many ways it shows this commitment is through the Employee Stock Ownership Plan (ESOP)—Wawa associates have a 38% ownership stake in the company.

 

CHAPTER 5

Private and Shared Ownership

Wawa employees often feel strongly that their success is closely tied to that of the company, in large part because employee stock ownership makes it their company too. Chuck Schlarp, 43, of Dennis Township and a general manager with 20 years at Wawa, said the company’s employee stock ownership plan “ties us, more than cash compensation, not only to my store’s performance, but also to helping out with ...

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