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James Catherwood Hormel (January 1, 1933 – August 13, 2021) was an American philanthropist, LGBT activist, diplomat, and heir to the Hormel meatpacking fortune. He served as the United States Ambassador to Luxembourg from 1999 to 2001, and was the first openly gay man to represent the United States as an ambassador.
Dec 22, 2021 · Hormel was poised to be America’s first openly gay ambassador, and Senate Republicans objected to his nomination not because of his lack of foreign-policy experience — awarding ambassadorships ...
- Who Owns Hormel?
- What This Means For Investors
- Independence
When companies sell stock, the public broadly speaking is the majority owner. That said, big investors like pension funds, private equity shops, and asset managers often end up being the largest shareholders. That means they generally wield a huge amount of sway over companies -- often with good intentions. For example, Blackrock (BLK) has made ESG...
What this means is that Hormel is protected from the influence of large investors other than the Hormel Foundation -- and can go about its business without fear of being pushed toward short-term goals over more appropriate long-term ones. Don't underestimate the value of this independence as it means the company can nurture business divisions that ...
Hormel is hardly perfect, and some might argue that the Hormel Foundation stops investors from pushing for change that might increase its valuation over the near term. However, 55 years of annual dividend increases -- including 15% annualized dividend growth in the past decade alone -- suggest that investors are benefiting from the independence off...
James Hormel, the former Ambassador to Luxembourg whose status as an out gay man made waves when he was nominated to the position by President Clinton, died today at age 88.
Aug 13, 2021 · James Hormel, the first out gay person to serve as a US ambassador, has died at age 88 https://t.co/14AB5fQ0lU. — CNN Politics (@CNNPolitics) August 13, 2021. You can say Hormel was a wealthy...
- Joe Kukura
James C. Hormel, the first openly gay person to represent the United States as an ambassador, died on Friday in San Francisco. He was 88. His death, at the California Pacific Medical Center, was confirmed by a family spokesman. His son, Jimmy, said Mr. Hormel had been in the hospital for two weeks. Hormel, a philanthropist and the grandson of ...
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Aug 13, 2021 · James Hormel, the first openly gay U.S. ambassador and a philanthropist who funded organizations to fight AIDS and promote human rights, has died. Hormel died Friday at a San Francisco hospital...
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