Disadvantageous effects that would arise from the sale
Revoking the last century A sale of this magnitude would dishonor and damage this company to a level of no returning.Packaging of the entire hershey food corporation and selling it for quick cash to fund another aspect of business is not a good business decision ,the hershey trust corporation owns over 30 percent of the stock for the food division however, due to the aspect of super voting they own 76.7 percent of the voting capabilities.The corporate decision that was made in 2002 attempted to rewrite almost a hundred years of philanthropy and corporate culture developed by the original founder of the company. During the sucessful life of Milton S Hershey, he managed to to solidify his company into the history books as one of the biggest candy company in the …show more content…
The company was focused on profits but several charitable divisions that also allowed the hershey company to spread to over 30 different industries“Hershey Estates had a hand in more than 30 non chocolate interests, including the telephone company, a department store, the hospital, and the cemetery. Hershey Greenhouse and Nursery, Hershey Laundry, Hershey Museum, Hershey Park,Hershey Park Golf Club ,Hershey Rose Garden ,Hershey Sewerage Company, Hershey Telephone Company, Coal,Real Estate ,etc” (Hershey food. 2003). The CEO of Hershey Richard Lenny at the time defied of the sale broke the unwritten moral code left by late founder Milton S Hershey. The late founder built a town that was primarily funded and originated around the Hershey company, the town was not affected much by the financial crises that was ravaging the country around the 1930s. This ties in due to the fact that the late founder always made it his job to put the people and the town first, it is obvious that things today has changed and we live in a more competitive era however, Lenny did not calculate
Revoking the last century A sale of this magnitude would dishonor and damage this company to a level of no returning.Packaging of the entire hershey food corporation and selling it for quick cash to fund another aspect of business is not a good business decision ,the hershey trust corporation owns over 30 percent of the stock for the food division however, due to the aspect of super voting they own 76.7 percent of the voting capabilities.The corporate decision that was made in 2002 attempted to rewrite almost a hundred years of philanthropy and corporate culture developed by the original founder of the company. During the sucessful life of Milton S Hershey, he managed to to solidify his company into the history books as one of the biggest candy company in the …show more content…
The company was focused on profits but several charitable divisions that also allowed the hershey company to spread to over 30 different industries“Hershey Estates had a hand in more than 30 non chocolate interests, including the telephone company, a department store, the hospital, and the cemetery. Hershey Greenhouse and Nursery, Hershey Laundry, Hershey Museum, Hershey Park,Hershey Park Golf Club ,Hershey Rose Garden ,Hershey Sewerage Company, Hershey Telephone Company, Coal,Real Estate ,etc” (Hershey food. 2003). The CEO of Hershey Richard Lenny at the time defied of the sale broke the unwritten moral code left by late founder Milton S Hershey. The late founder built a town that was primarily funded and originated around the Hershey company, the town was not affected much by the financial crises that was ravaging the country around the 1930s. This ties in due to the fact that the late founder always made it his job to put the people and the town first, it is obvious that things today has changed and we live in a more competitive era however, Lenny did not calculate