He also joined the United States Air Force, where he spent four years. JE: Im sure that people came in and they wanted to see Lamar? John Erling Interviewer We were using all the money we had to operate stores. Around half of the privately-held company is owned by non-family members through an employee stock ownership plan; Cadiuex family members own most of the remainder. We think long term. CC: It was it was horrible! How by trial and error he found his way in the convenience store business. And we dont have enough capital to do it so we go back to outside people buying the land and building the buildings for us with a long lease. Dave Hentschel. He was smart. So, you just struggled and everything changed over time. CC: Strategic Air Command, JE: Right. knew about and they told and he asked me, and I said yes, and he said well, youre fired, so. CC: My son Chet because when he became CEOand we knew we were weak in food and thats the driving force that were pushing right now. CC: Yeah, but you had to put them in the right place. JE: And youre still working on that? That took stuff we had to buy and get to work and so forth, so the whole thing has been a battle. JE: Ive got to go back. Ive seen it myself. BOK executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Mr. Cadieux previously served as Vice President of Sales at QuikTrip Corporation. CC: We didnt belong to one of those denominations where you had to go three times. It has been on FORTUNE magazines 100 Best Companies to Work For list for the past twelve years. He founded the QuikTrip chain of convenience stores in 1958 with a fellow Tulsan, Burt Holmes. JE: You were an outside salesman to promote this throughout this area and probably the area beyond Tulsa. So that kind of sunk through, and it hurt volume, because couldnt steal it anymore. But we did radio. He came up with the big QT and quit talking about QuikTrip although QuikTrip is still on the store but you could see that QT a mile away. He also served on the board of trustees at the University of Tulsa, the Tulsa River Parks Authority, and the Tulsa Area United Way. Laura Hyde Upload Coordinator. You see the people in the stores. You know there werent any fast-feeders. Burts a great friend and a good businessman, and he just loves to start companies. JE: And they would yell at you? JE: Well thank you Chester for this. JE: Its a Snicker bar or whatever and if you want to eat two Snickers bars cause you feel you can CC: Yeah! QuikTrip is currently owned by the Cadieux family, who also owns the RaceWay and RaceTrac convenience stores. Yeah. You took on CC: Oh yeah, we got goofy. I ran in 20 of them. 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. Theyve always pretty much always owned shares. I mean I go to QuikTrip and I dont buy any of the things we really sell, but I go there for certain things, cause we think our coffee is better and so. And not just about the way they were treated, but the lack of training or the kind of training they got. But those meetings were so important because if you had bad management, if you had supervisors, if you had bad stuff going on, they would tell you about it. JE: And a different era too, different times, right? for two and a half years and then we started making money. Ray Thomas Benson, Brenda O Brothers, and seven other persons are connected to this place. But it wasnt the people working for us that, you know. The Key Factors of an Excellent Credit Score. We didnt have better locations because they knew more about locations than we did. And we lived that way. 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. This sum is more than adequate to sustain a lavish lifestyle in the big city, or at least a decent one. You have this beautiful facility and I dont know what a dress code is if you have one. This video coverts the history of QuikTrip (QT) in under 8 minutes from 1957 - 2014. And our employees own a lot of stock. JE: Fifty one years old. JE: Okay. If airlines can put electrical sockets and screens on the back of seats, why can't pro sports? We had some bad times you know, Vietnam came along and the kind of people we hired were going into the service. So it probably increased your volume of gasoline sales? And it was no big deal for them because you had to pay railroad companies for the mileage, so he built that and he built a business in St. Louis with a friend of his, and ran tank cars out of there. Meet and learn from the incredible Oklahomans that have passed on since sharing their stories with us. CC: Yeah. CC: Oh no, no. Click on Our Bookstore for information about this book and thanks for listening to another Oklahoma story on VoicesofOklahoma.com, Program Credits: If youre into entertainment, chances are youve heard of him, or at least his wife, Susan. JE: And then you went on to college? Notes: Recorded by John Erling in Tulsa, Oklahoma. You know its just that. JE: Was there a seed planted by your Father? And were we going to use that or what were we going to do? CC: Well I mean we sold stink bait. His most recent position is the Chairman of the Board, a position he has occupied for the past seven years. CC: Oh yeah. (Laughter) Was it about 1962 your gross sales went beyond a million dollars? But youve earned this reward. JE: I think you had a creed: Dont fall in love with real estate. CC: Well, helped us buy gasoline. CC: Yeah. CC: Right. Mr. Cadieux BOKF stock SEC Form 4 insiders trading CC: I was going to be an engineer. JE: Well that was admirable that you were able to run and then you ran in the first Tulsa Run? CC: Right. CC: What the concept was because over time the concept changed because people would come in and buy a loaf of bread and some lunchmeat and maybe some mustard and make a sandwich. In addition, Mr. Cadieux has served as a board member of the National Association of Convenience Stores (NACS). CC: But he has a little insurance company of his own thats an actual insurance company. We were selling trying to sell pop and we finally realized we needed to just sell single cans or single bottles of pop. The estimated Net Worth of Chester Iii Cadieux is at least $84.7 dollars as of 11 April 2008. Bayern Munich are willing to pay up to $99 million to land Frenkie de Jong from FC Barcelona, according to the Catalan media. JE: Same feelings of the way it was for you when you were starting out? 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: Yeah it was the attention that the customer got and the cleanliness of the store. But you dont see them. Mr. Cadieux owns over 36 units of BOK stock worth over $51,374 and over the last 16 years he sold BOKF stock worth over $0. CC: Well yeah because they had a lot of stores, you know when we went to Atlanta they had, I dont know 35 or 40 stores and the local guy had 40 stores or whatever. So we didnt have many stores. It was fun. With the help of AI, however, you can teach old cars new tricks. It had the right sized cooler and it had the right dimensions and we began to learn. Chester Cadieux was born in Tulsa, Oklahoma. Today, the Cadieux family is behind some 700 QuikTrip gas station and convenience stores across 11 states in the Midwest and South. I saw posters for this event every time I went to Summerfield Hall for business classes and decided I would go and check it out. (Laughter) Those ol pilots were World War II guys and they just ate it up. When he passed away, and he passed away just before the first QuikTrip opened, and he loaned me about $5,000 to get in, (to the business) which is worth about $80,000 or $90,000 now. He knew what he was doing. CC: Were awfully late getting into people actually, which is my fault. 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. So wed put them up on the ceiling and every once in a while wed sell one of those. CC: Yes, yes, because thats the whole driving force of the company. Its no surprise that Chet Cadieux has an executive office located at the aforementioned Tulsa landmark, but hes also a member of the board of directors of both the Tulsa Metro Chamber of Commerce and the Tulsa River Parks Authority. Hed be on TV and in appearances one place or another, or at a school or whatever. In my days back when I would hold employee meetings, I used to have everybody stand up in order of how. But nobody else could. And so when you use that card to turn on the pump we knew who it was. Forbes calculated net worths for the list using stock prices from September 3, 2021which turned out to be close to record . Why I support the seminary and. CC: 50. (Laughter) Cause wigs were a hot deal at one point in time and somebody came and wanted to sell them and so you try it and women would stand there and pick out a wig and (Laughter) and you know I mean we. Under the new legislation, prosecutors in Florida can seek the death penalty for an adult who commits sexual battery against a child under the age of 12. I mean theres kind of a limit. Oh yeah. That was a hot spot and there was, you know, theres all sorts of areas that you move to where they spoke French or they spoke, you know, whatever language they spoke. QuikTrip has a long history of being named one of the best companies to work for in the United States. People would stop in these new markets and buy gas, but they wouldnt go. So youre talking to college students now who arent even born who will subscribe to that advice. JE: And you had to determine whether this person was a people-oriented person. They operated 24 hours a day. The familys net worth is estimated at $1.9 billion. So, youve got to have a lot of stores to really get on the map. In 2014, the Cadieux family, with a net worth of $1.3 billion, held the same position. JE: Then along about that time you had this TV and radio campaign that starred Lamar. And so SAC people would come and sit in the back of the room and see if we could see them and all that sort of thing. Douglas Miller Art Director JE: Thats a great way to have your brand name out in the community. Which was really not very smart cause it stinks. CC: If thats the record youve got then thats right. People dont cook. CC: The point at that point in time way back was, were we going to get into the food business, or were we going to get into the gasoline business? In a sport of millimeters, where the slightest design adjustment could make all the difference in a photo finish, you wouldnt expect a car with a three-year-old body to be much of a contender. Because we were a convenience store, and you knew what convenience stores were like, so you didnt go in. But they dont vote, they count as one vote, all the employees in the ESOP (employee stock ownership plan) so it keeps us from being public for reporting purposes. But theyre cheaper. The Kremlin Is Deploying Obsolete T-55 Tanks in Southern Ukraine. Then you had to go back to pre-pay gasoline and you didnt want to have to go back to pre-pay because that slows everything down. The estimated Net Worth of Chester Iii Cadieux is at least $85.6 Thousand dollars as of 11 April 2008. His parents were not particularly well-off. Our bench strength is so strong, you know, the bench is deep. We just couldnt do what we wanted to do, but we knew we werent going to go down by then. And thats the kind of genius that you look for, cause they dont have them coming up. CC: Yeah well it took us a long time to understand. And we have a good relationship with them and its different management and different, you know. JE: Youre an only child. JE: And you had all of these people saying no to you? Despite being wealthy himself, his bank balance is small fry compared to his famous dad. On a personal note, Chet and his wife have spent several grueling years traveling and experiencing a wide variety of cultures, which is an experience that will serve them well in their twilight years. CC: It was at 53rd and Peoria. Aside from his business acumen, hes also a proud member of the Tulsa Community Foundation and is an active member of the Tulsa Rotary Club. But the people behind us that could come in the side could get to us. And you ran for. As protests continue to advocate for change following the death of George Floyd, NASCAR driver Bubba Wallace, the sport's only African American racer, says it's time to ban the Confederate flag. Mr. Chet Cadieux, CEO and Chairman of QuikTrip (QT), gave a speech about his company's culture to a large group of business professionals in Kansas City on November 21, 2019. CC: No, cause they knew what I was doing because we had figured out who our wholesaler was going to be and the wholesaler just arranged it. How did you deal with that? CC: He gave us a tip that you look for turningif you flew around (a city) you could see where people turned. JE: So energy drinks, who made up the names? CC: I was a salesman. And so we had this dog and we were getting into gasoline advertising. And we had had him earlier and we got him back and hes here and hes a genius. That killed volume on some streets and added tremendous volume on other streets. JE: Where did you go to elementary school here in Tulsa? JE: Charles Darwin, you subscribe to something he said: Leaders never accomplish great things alone.