
Originally Posted by
madmaxine
PS Someone mentioned Ben & Jerry's Ice Cream...I met 2 former B&J employees when I was in New England, and they told me UniLever Corp. fired everyone & razed employee rights when they bought the company...needless to say, I don't buy B&J anymore.
Sad story alright:
Forced by laws governing publicly traded companies, and a shareholder suit to enforce those fiduciary responsibilities by the board of directors, Ben & Jerry's Homemade Inc, based in South Burlington, accepted a whopping $43.60 per share offer from Unilever, the giant Dutch/British consumer products company.
If ya wanna stay in control of your company - DO NOT MAKE IT PUBLIC. Their mistake was "cashing in on Wall Street." Oh it starts out with porsches and new houses but tends to end with layoffs and plant closings.
Bookmarks