April 19, 2024

Florida Icon

Icon: Gus Stavros

Businessman, philanthropist, Florida Board of Governors member, 82

Art Levy | 11/1/2007


Stavros, with kindergarteners at High Point Elementary in Clearwater, has championed financial literacy among schoolchildren. [Photo: Michael Heape]
» My father came to America when he was 14. At the age of 9, his parents sold him to a wealthy man in Athens to be a gardener’s helper. One day he was sent out to run some errands, and he got involved in some other things and he never finished the errands, so he got a pretty bad whipping. He ran away and worked in a factory until he saved enough money to come to America. He came to New York City, went to a Greek restaurant and got a job as a dishwasher. He stayed there until they taught him how to cook. For 50 years, he was a restaurateur. He owned diners.

» At the age of 19, I landed at Utah Beach, about 50 days after D-Day. We went across three campaigns: Northern France, Ardennes and Rhineland. I was wounded on Jan. 19, 1945. That was the last day I used my left hand.

» I was always frugal. My wife, always frugal. When we first got married, we had a budget. At the end of every month, she’d empty her purse, and I’d empty my pockets to be sure we hadn’t misplaced any money.

» We moved to Florida and my parents came down to stay with us awhile to see their grandchildren. My father said to me, ‘Son, I know you want to go into business, so I’ll look around for you.’ This was 1958. After awhile, he said the area was ready for a good hamburger, hot dog, milkshake and soda place, and I told him I didn’t go to Columbia University to open up a hot dog stand. But my father was right, and I was wrong. If I had listened to him, all these McDonald’s you see now would be called Gus’.

» I was one of three who started Better Business Forms. I eventually bought the other two men out, so I was the sole owner. We started with three employees and built it to 550. I used my philosophies of business: Take care of your employees; listen to the customer.

» I remember I transferred a salesman to Tampa, and a company he’d been serving came to me and said they wanted him back. I said whatever you want. That customer was Eckerd Drugs, and that salesman was getting $10,000 a year from them in business. Within a couple of years, he was getting $1 million a year in business from Eckerd.

» I had three salesmen who made more money than I did, and I owned the company. They were on commission. It didn’t matter to me. The company was growing.

» Let me tell you why I sold my company (in 1984). When my wife, a child of the Depression, found out that I owed the banks $11 million; she was very uncomfortable. By selling the company, I paid off the debt, and I got a good amount of money ($12.5 million).

Tags: Politics & Law, Florida Icon, Education, Government/Politics & Law

In case you missed it:

Florida Business News

Florida News Releases

Florida Trend Video Pick

Giant domino line of cereal boxes falls to celebrate Cereal for Summer Drive
Giant domino line of cereal boxes falls to celebrate Cereal for Summer Drive

About one thousand cereal boxes were lined up by Achieva Credit Union employees in honor of the donations.

Video Picks | Viewpoints@FloridaTrend

Ballot Box

Do you think recreational marijuana should be legal in Florida?

  • Yes, I'm in favor of legalizing marijuana
  • Absolutely not
  • I'm on the fence
  • Other (share thoughts in the comment section below)

See Results

Florida Trend Media Company
490 1st Ave S
St Petersburg, FL 33701
727.821.5800

© Copyright 2024 Trend Magazines Inc. All rights reserved.