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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.
- 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...
Dec 22, 2021 · Hormel provided the seed money for the Human Rights Campaign Fund — now the Human Rights Campaign and the largest L.G.B.T.Q. advocacy group in the country — and the American Foundation for ...
His net worth has been growing significantly in 2022-2023. So, how much is James C. Hormel worth at the age of 88 years old? James C. Hormel’s income source is mostly from being a successful .
Hormel Foods Corporation, a Delaware corporation (collectively, the "Company", "we," "us,", "our"), was founded by George A. Hormel in 1891 in Austin, Minnesota, as Geo. A. Hormel & Company. The Company started as a processor of meat and food products and continues in this line of business with emphasis on the
James C. Hormel has devoted his life to the advocacy of basic human rights, social justice and the well being of all individuals. Hormel is an alumnus of Swarthmore College, where he has established a faculty chair in social justice.
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Dec 6, 2022 · (Nov. 30, 2022) – Hormel Foods Corporation (NYSE: HRL), a Fortune 500 leading global branded food company, today reported results for the fourth quarter of fiscal 2022. The fourth quarter and full year of 2022 reflect one fewer week compared to the prior year.
