When a CEO Takes Your Breath Away
Not often do you just sit back and marvel at what executives are doing. Yet on Thursday night I marveled at two of them: Jeff Ettinger at Hormel Foods (HRL) and Charif Souki from Cheniere Energy (LNG).
Hormel's decision to buy the Skippy peanut-butter business from Unilever (UN) -- announced Thursday -- is simply brilliant. The company will now dominate lunch, particularly the-bring-your-own-lunch contingent -- perfect for a country where the average worker is making less and less each year. Hormel is the player in ham, the No. 1 sandwich meat; this buyout will now make it the No. 2 player in peanut butter, the second-most-favored sandwich. It's incredible how smart that is....372 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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