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Hershey proposes selling... Hershey
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Posted by Fred Pruitt 2002-07-25 06:15 am|| E-Mail|| Front Page|| [334 views since 2007-05-07]  Top

#1 This has been brewing for a couple of years. Obviously the trust's other investments tanked, and they want to diversify; choosing between the school and the company must have been emotionally difficult but obvious. Hershey also had problems with their IT systems -- remember the Halloween with no candy? Well, there was candy, but Hershey wasn't able to deliver as much of it. I think it may not be as romantic, but it makes hard-nosed sense for the trust to have a better balance in its holdings. This CERTAINLY does not automatically translate into a failure of the trust and the end of the school; if well managed the trust could continue indefinitely. But things like the stock dip and the IT foulup convinced them that they were much more likely to mismanage Hershey Foods than the Hershey Trust. Too bad, though.
Posted by Dan Hartung 2002-07-26 00:13:16|| []  2002-07-26 00:13:16|| Front Page Top

06:27 Joe
06:10 Fred
06:08 Fred
00:28 Dan Hartung
00:23 Dan Hartung
00:14 Dan Hartung
00:13 Dan Hartung
00:00 Dan Hartung
15:10 RG Fulton
11:49 Bob
10:20 Fred
09:32 RG Fulton

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