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.
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