Wawa succeeded by staying true to itself, says former CEO

05/29/2014 | Knowledge@Wharton

The Wawa convenience-store chain has succeeded in part because executives "haven't taken Wall Street money," says former CEO Howard Stoeckel. The company's trust-fund ownership structure allows it to take a longer-term view financially and in the community. "Businesses can stay true to their belief system, yet compete with some of the biggest companies in the world," Stoeckel says.

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