Subject: Re: OT: Hershey
Isn't Hershey majority-owned by the trust? Do they even want to sell their golden goose?
They are in a situation a bit similar to Mr Buffett's: owners of super-voting shares, they have been converting to common (which gives up the super-voting) and selling down their position somewhat, dropping their voting power.
But only in a very tiny way. They definitely still call the shots. I think their voting power is till in the 70-80% range?
Jim