Go to content Go to navigation Go to search

November 12, 2007

Hershey Trust Ousts Most of Company's Board Members

Eight board members of the Hershey Company resigned on Sunday as a rift widens between the charitable trust that controls the corporation and the company’s management, reports The Wall Street Journal.

The trust has already named the departing board members’ replacements and announced that shareholders will vote for two additional board members next year, the Journal reported. The shake-up demonstrates a deep divide between the trust and the company over weak financial performance this year.

Monday November 12, 2007 | Permalink

Commenting is closed for this article.

Previous: Belgian Art Donors Found Art Center in Beijing
Next: Popular Approach to Aiding the World's Poor Comes Under Attack

---

Copyright © 2009 The Chronicle of Philanthropy