Word: trusting
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...Unlike most companies, particularly foodmaker Kraft, which is also considering a bid for Cadbury, Hershey is controlled not by investors but by a charitable trust, established a century ago by company founder Milton Hershey to fund the education of orphans. The Hershey Trust, which holds 80% of the voting stock of the candy company, runs the Milton Hershey School not far from the corporate headquarters in central Pennsylvania, and it is required to maintain it in perpetuity. (See which businesses are bucking the recession...
...Neither the company nor the trust will talk specifically about the possibility of a bid for Cadbury, a decision that appears imminent, but they acknowledge that the needs of the school put the business decisions of the company in an unusual context. Dividends from the candy-company stock provide about 44% of the funding for the school...
...trust is keenly interested in the performance of all its assets," trust spokesman Tim Reeves said, "but it's looking at that performance not just from the perspective of the next quarter but literally for the next quarter century and the next 100 years...
...today's hard economic times, something startling began showing up in public-opinion polls: fewer people than in the past wanted Washington to step in. In the latest NBC/Wall Street Journal poll, only 23% of respondents said they trust the government "always or most of the time"--the smallest proportion in 12 years. The percentage of voters who think government should "do more to solve problems and meet the needs of people" has dropped 5 points since Obama's first weeks in office, while that of those who think government should leave more things "to businesses" rose 8 points...
...share his love for the environment, Zofnass said he began developing the land adjacent to his barn outside New York City into a land trust preserve in 1985. In 2001, he opened the Westchester Wilderness Walk, a 150-acre sanctuary that includes a 10-mile trail...