Word: hormell
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...Dollar Tree seems to have a knack for good timing. "They saw the recession coming," says Brent Rystrom, analyst at Feltl & Co., "and started selling more non-discretionary consumable products like food and health and beauty items." The store now sells Hormel sausages and Green Giant frozen vegetables, and over 1,200 of its stores now have refrigeration units. Now, in anticipation of an economic uptick, Rystrom is seeing Dollar Tree shift back to more discretionary items like decorations and toys, which tend to offer higher margins...
...Gays may see the cabinet as powerful, almost numinous, but its own members see themselves as largely unorganized and highly independent. "It's a group of people who like and respect each other and their opinions," Ray Mulliner, a longtime Hormel adviser, told me recently. "It's nothing more than like-minded donors getting together to share strategies." When I mentioned that similar organizations on the right had received press scrutiny - I was thinking of the Arlington Group, a coalition of movement conservatives - Mulliner angrily rejected the comparison: "You have no reason to be curious about this. You're going...
...group that donated the money to use against Black and the others is known as the Cabinet, although you won't find that name on a letterhead or even on the Internet. Aside from Bohnett, 52; Gill, 55; Hormel, 75; Stryker, 50; and Van Ameringen, 78, the other members of the Cabinet are Jonathan Lewis (49-year-old grandson of Joseph, co-founder of Progressive Insurance) and Linda Ketner, 58, heiress to the Food Lion fortune, who is running for Congress against GOP Representative Henry Brown Jr. of South Carolina...
...certain candidates in the state. There were five benefactors: David Bohnett of Beverly Hills, Calif., who in 1999 sold the company he had co-founded, Geo-Cities, to Yahoo! in a deal worth $5 billion on the day it was announced; Timothy Gill of Denver, another tech multimillionaire; James Hormel of San Francisco, grandson of George, who founded the famous meat company; Jon Stryker of Kalamazoo, Mich., the billionaire grandson of the founder of medical-technology giant Stryker Corp.; and Henry van Ameringen, whose father Arnold Louis van Ameringen started a Manhattan-based import company that later became the mammoth...
...yield, then ethanol distillers, cattle feeders, hog and dairy farmers will be the first to pay the price. Shelling out more for corn would eventually translate into more expensive ethanol, as well as higher prices for beef, pork, chicken, eggs and milk--movement that the market is already seeing. Hormel Foods, for instance, recently warned investors that higher grain costs were eating into its bottom line...