So then you probably were concerned that people wont come in to your store? CC: Well, yeah credit cards that pay at the pump thing, was a whole expensive thing to go through because that took technology. We try to have fun. JE: Because I suppose the same products could be bought in both stores and both companies? JE: On TV or probably a huge budget in radio for sure. Chester Cadieux 's birthday is 02/26/1967 and is 55 years old. They said, Youre QuikTrip, its QuikTrip Gasoline. We had (come up with) Red Line Gasoline. And I like to say that the happiest day of my business career was the day that our net worth was zero. We used to spend a third of our time just talking to employees and customers. JE: That was actually kind of a useful tool wasnt it? Back then it was open spaces. melmyershonestmedia@cox.net, Mllerhaus Legacy Website Team It's for this model of teamwork, heart and humility that CSP has recognized Chetand the 24,000 employees of QuikTripas its 2019 Retail Leader of the Year. The company was founded in 1958 by his father, Chester Cadieux II and is now the 33rd largest privately-held company in the United States. JE: So the best way to control the competition is to hire them? So as you get people who do come in and they get good service and they see its a nice store and the prices are nice and all that kind of stuff, then they become your customer after a while, but gasoline gets them to stop. And now we have a guy who used to run the largest site selection business in the world. JE: Well thank you Chester for this. JE: Back then you were kind of doing it (hiring) by the seat of your pants or by your gut CC: Oh yeah. Its not like today where everybodys just fighting for land. Understanding that and then expressways changed everything. You know its just that. Mr. . JE: Did you try to maintain an investment and try to start this business while you were still working at the print shop? And so we just bought the one in Wichita that they had and they kept the one in Tulsa, and then ultimately we bought the one in Tulsa. JE: Yeah it was the wrong time of year and then you had the construction on Peoria. JE: But gas is gas is gas and so was it the additive packages that would make the difference for you do you believe? CC: I sure did. And then that got purchased by Bell Oil and Gas in Tulsa, and he moved to Tulsa. Our bench strength is so strong, you know, the bench is deep. The company is now led by Chet Cadieux III, CEO since 2002 . Gasoline seemed a lot easier than food. Or what kind of name is it, CC: They were French-Canadian, from ten generations of French-Canadian and my grandparents moved to Chicago not knowing each other and they just met in Chicago, which was the place to be in the 1880s. rufus wainwright leonard cohen daughter. JE: How did you tolerate that? Mr Cadieux owns over 614 units of Itron stock worth over $1,082,178 and over the last 16 years he sold ITRI stock worth over $6,511,226. CC: Oh yeah. CC: In 58. We would find an area that was big enough for other stuff. Because the building is $3.5 million for the land and the building and the pavement and all of that kind of stuff. JE: That took care of that whole segment of society? So wed put them up on the ceiling and every once in a while wed sell one of those. QuikTrip is you. We have to think like a major oil company. Over the last 16 years, insiders at BOK have traded over $49,059,959 worth of BOK stock and bought 46,851 units worth $2,825,043 And I like to say that the happiest day of my business career was the day that our net worth was zero. He was the best C-store guy you could imagine. The cooler was too small, you know. He has a closet that he keeps big boy clothes in. Weve pretty well regarded and people know that, dealers know that weve got good packages. Growing up, he said, If you want to make any real money, you need to be in business for yourself. And I always, from Junior High School on, I always wanted to be in business for myself. Mr Cadieux ITRI stock SEC Form 4 insiders trading JE: But then he helped you with site location information, he gave you a tip. It was an attitude thing. I've been on a quest over the last sevenyears to find the healthreform" that few talk about--the do-it-yourself kind. Considering hes the brains behind the largest company in Oklahoma, Chet Cadieux is quite a jack of all trades. Mr. CC: Yeah, hungry, thirsty, out of cigarettes and out of gas. He celebrated his 29th year of service with QuikTrip in August 2018. And it evolved and now you know its all immediate consumption. Youre in business for a whole lot of people. The estimated Net Worth of Chester Iii Cadieux is at least 84.2 $ dollars as of 11 April 2008. JE: Because you earned it, you gave us that and its just a great little tool. Chester Cadieux was born and raised in Tulsa, Oklahoma. Chet graduated with a Bachelor of Science degree in Business from the University of Tulsa in 1989. JE: And now youre son Chet is heading it up and takes it on to many, many generations. JE: And they would yell at you? Hes a wonderful man. grandmother wanted to go to California, but (Laughter.) We talked to secretaries, and we talked to people that worked in the warehouses and people that were in the maintenance department. I mean we couldnt even buy a vacant lot. but credit kept us going. On January 29th, Chet Cadieux, CEO of QuikTrip, came to the University of Kansas for the public lecture series provided by the School of Business. He wasnt the Founder but he was the President for a while. A set of benefitsleadershave not only tamed the healthcare cost beast, they are showing that thebest way to slash healthcare costs is toimprove health [], Staring out at the infield of Atlanta Motor Speedway last year, Mike Beltz said he remembers thinking how "phenomenal it was" to see a folded American flag -- the logo of the Folds of Honor organization -- painted on the grass for NASCAR's inaugural Folds of Honor QuikTrip 500 race. CC: Oh yeah, all the time, yeah. JE: But then wasnt it important as you say too to turn the lot? CC: Yeah, but I mean super markets theyre full of house labels, whether its green beans or whatever it is, or milk or whatever. CC: Sure. Duh. 11 in CSP's 2019 Top 202 ranking of U.S. c-store chains by number of company-owned retail locations. We learned a long time ago that if somebody else is doing it, we wont get the quality. CC: Yeah, and we do that in other cities. And I was 65 when I ran the last one and I was sure glad when it was over. Laura Hyde Upload Coordinator. We had a name that we came up with and we were using. JE: And then that helped you focus your advertising and merchandising. So we were a destination for cigarettes, because we had everything and we had them cheap. CC: Well, were recording this in the QuikTrip Corporate Office. The first major market was Kansas City and then we went to Wichita because the guy in Wichita wanted to merge with us and we didnt know why he wanted to merge with us. He also joined the United States Air Force, where he spent four years. He is the proud father of six children, the grandfather of ten and great grandfather of two. CC: Well, you just bite it and you do it. It had the right sized cooler and it had the right dimensions and we began to learn. Chet is also a Director on the following Boards: Sheetz, Inc. of Altoona, Pennsylvania; Bank of Oklahoma N.A., Tulsa, OK; The University of Tulsa; George Kaiser Family Foundation (GKFF), Tulsa, OK; and The Committee of One Hundred, Tulsa, OK. Chet has also served as past board member of the National Association of Convenience Stores (NACS) 2003-2004, and Tulsa Community Foundation. The company ends the 1961-62 fiscal year with eight stores and total sales of $1,090,008. CC: Yeah. JE: That just took off big time for you. So we took that store and it made money from the first day. CC: Strategic Air Command, JE: Right. CC: Yeah. But I kept looking at businesses in Tulsa. Am I going to lose it all? CC: Oh, sure. In addition to a leading convenience store brand, QuikTrip is also the nations 37th largest privately held company. I was married and had a child, and so I didnt want that for my career so I got out of that and became and intercept controller. She was a secretary at one point in time and I was an only child, so she took a special interest in me, a heck of a mother. JE: You were afraid. JE: There was a time here in those early stages that you were and stores like you perhaps were charging more for the product because it was convenient. I was in the elite kind of math class at Central High School which was hard as heck. He is from OK. Chet Baker's Net Worth: $94 Million. CC: Yeah or who cant get a credit card. 3rd store had broke even and then I got a phone call that Git-n-Go had decided, Herb Forrest that ran one of the dairies here in town, he called me and he said, Im building this store for Git-n-Go and they decided they dont want it. Chester Cadieux, one of the two founders of QuikTrip convenience stores, has died. CC: Oh yeah. And we had had him earlier and we got him back and hes here and hes a genius. CC: Yes. We didnt have room for making food in the stores, we didnt think about commissaries. JE: You think that with 7-11 and those ice docks that was the beginning? And they were senior kind of people, they were old guys and they would sit behind their desk and shake their head. Mr. Cadieux owns over 36 units of BOK stock worth over $51,318 and over the last 15 years he sold BOKF stock worth over $0. We still have the meetings, but they get this questionnaire now on their in-store computer, the one that is for inventory and all that sort of thing and they answer these questions. And during the Depression when tank cars were going for scrap, he bought them and got them rehabbed and so forth and began to run tank cars and he still worked for Bell Oil & Gas. CC: Yeah what happened was we got three outside consultants to come to a meeting and we spent two or three days with them and we hired two of those guys, in a way. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Tumblr (Opens in new window), Click to share on Pinterest (Opens in new window), Click to share on Pocket (Opens in new window), Click to share on Telegram (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to share on Skype (Opens in new window), Click to email a link to a friend (Opens in new window), Chet Cadieux Net Worth Founder of the QuikTrip Convenience Store Chain. CC: Miami, Oklahoma and it was just an ad in the trade publication that Phillips 66 wanted to sell this site. CC: Ultimately, ultimate we did. Prior to taking on the leadership role at GKFF, Mr. Levit served as president of the University of Oklahoma-Tulsa from 2001 to 2006. JE: And thats when you came up with containers then for drinks like the Squarts, and the Koolees? The company was recently named a 2020 Top Inclusive Workplace by Mosaic and the Tulsa Regional Chamber of Commerce in recognition of the company's strength in community outreach, CEO commitment, internal policy, diverse suppliers and diverse people. And our employees own a lot of stock. Chet could take over as President at a young age because he had all of our guys who had been there for the long road. And were not sure its sanitary but we keep using them. CC: Right, cause the rubber was down. JE: And thats your biggest challenge today? So when he came with this ready-made deal that was small, but at least it wasnt dirty, (Laughter) I mean you know. But it doesnt come out of the refinery as bad gasoline, anybodys refinery. If you can diagnose the challenges you face and identify how to unlock opportunities and mitigate risks, you can build and execute the strategies that position your business for success in the evolving battle for share of stomach. CC: Yeah, I mean people fall in love with real estate when they own it. With the help of AI, however, you can teach old cars new tricks. Id see a junkyard, or Id see a trash truck. Chester has made over 2 trades of the BOK stock since 2008, according to the Form 4 filled with the SEC. You know, it was a fairly good location over time, because that was sort of the end of Tulsa. JE: Youre an only child. You can only go so broke. Cause those guys eat a lot, drink a lot and so forth. What Is the Average Cost of College Tuition? We worked on being better than we said we have to be at destination. JE: Oklahoma A&M then became OSU. And thats a lot of money in big towns and thats where we want to be so then were back to that and well work out of that. Products Revenue Net income Total assets Wawa gas station in Skippack, Pennsylvania, A modern vehicles AC system requires an AC clutch cycling switch, which is a critical component. And he came out (of the service) and he was going to go to Oklahoma A&M and be an engineer and be a Sigma Nu. JE: Which youd probably given about 20 times by that time? Family passions and reputation stand behind the wines of California's wine families. Despite their limited product selection and high prices, the duo barely made a profit in their first few years. followed his business dream and co-founded QuikTrip, with fellow Tulsan Burt B. Holmes. JE: Theyve been there for years and years and years. Hes certainly made his mark in the entertainment industry and has a number of notable achievements to his credit.
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