The Struggle for Hershey: Community Accountability and the Law in Modern American Philanthropy

Authors

  • Mark Sidel

DOI:

https://doi.org/10.5195/lawreview.2003.21

Abstract

In the late summer of 2002, the Pennsylvania charitable trust that controls and owns most of the Hershey Foods Corporation put this American corporate icon and one of the world’s leading food and confectionary conglomerates up for sale. The Hershey Trust, whose legal beneficiary is the local Milton Hershey School for poor and underprivileged children, told workers, managers and the press that it sought to diversify its investment portfolio long concentrated in Hershey Foods stock, and “unlock the value” of its controlling shares in Hershey Foods by taking bids for all of its shares in the company.

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Published

2003-04-01

How to Cite

Sidel, Mark. 2003. “The Struggle for Hershey: Community Accountability and the Law in Modern American Philanthropy”. University of Pittsburgh Law Review 65 (1). https://doi.org/10.5195/lawreview.2003.21.

Issue

Vol. 65 No. 1 (2003)

Section

Article

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