Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Tuesday, October 2, 2007

Hersey's CEO Announces He Is Stepping Down

Hershey is one of the few public companies that is controlled by a charitable trust.  (A few years ago, the Trust blocked a sale of the company for fear it would interfere with its charitable purposes.)  Yesterday CEO Richard Lenny announced his resignation; the Wall St. Journal reports the reason is his frustration with the Trust.  WSJ, Hershey CEO Richard Lenny to Step Down.

http://lawprofessors.typepad.com/securities/2007/10/herseys-ceo-ann.html

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