36 Burst results for "Hershey"
Fresh update on "hershey" discussed on Morning Edition
"Command, a new branch of the United States. Military contenders range from the Redstone Army Airfield in Alabama. Kirtland Air Force Base in New Mexico. The list does not include any basis in California in spite of lobbying by the city of Palmdale, but in this edition of so close connecting California Commentator Joe Matthews says community leaders in Palmdale are not throwing in the towel and they're pointing to the area's history and track record to back them up. 100 has a was a became an important air space, a place in the 19 fifties after the Second World War. Conclude, aim sort of place for different planes built in different systems and in aviation were created. Edwards Air Force Base nearby, You know, it's a test pilots became astronauts if you saw the right stuff. That's where Sam Sheppard was in Barbara Hershey as checking your his wife for You know, horseback riding around? Um and still, there is some Quite a bit of her space still up there Classified Air Force facility with manufacturing and Masses there and Boeing Or throat Lockheed. It hasn't honest aerospace history and that's the basis for arguing that it should be the headquarters of Space Command seems like a pretty compelling argument. You know it might, but it isn't. I don't think palm deal in that area is ever really had a chance of this. Partly the fix has already been in Israel and in this thing Colorado Springs area bases is already the temporary home of space Command and threw 2026 Palmdale into a lesser extent, you know, long poke. Up in Santa Barbara County, Vandenberg Air Force Base, still sort of think they're in it, even though six files have been named because there's six years before anything becomes permanent. 100 ruling the chance. I mean, a lot of the history that Palmdale sighting is 40 years old space shuttle being built there. You know, the right stuff is 16 70 years old. That story, at least, so it's really an aerospace. Has that Palmdale's holding onto and may not be around for a long time, and certainly The nature of space is changing The nature of warfare is changing and going in a more cyber direction, so I would expect that the future of the Antelope Valley High desert of Palmdale are less about airspace and Moorhouse to do with Palmdale's ability to develop its people better. Hang on Just a second. I mean, we're all being told these days whether you're talking individual cities, whatever that we need to brand ourselves. Many communities pin their hopes and dreams on much less like, you know, outlet stores, so it seems like Palmdale has zeroed in on something that differentiates itself from any other places in the country. There's real trouble with that approach. You know, California used to be this great leader and very dominating, narrow space. But that hasn't been true for many decades, in part because Nature politics. The Defense Department in Congress, you know, have been spreading around defense contracts to every single corner of the country, right? That's good politics, so we we sort of lack dominance. And we're tough place to do. Kind of big, noisy manufacturing because of some of our other strengths and environmental regulation began because there's so many people around. I mean, the Antelope Valley today has almost, you know 500,000 people. That's more than the cities of Sacramento or Atlanta. So you know it's not this sort of open playground of empty desert for the military industrial complex anymore. I mean, there are a lot of people up there with a lot of needs, you know, and it's sort of below average in income and has a higher poverty rate in the state. And so we're just in a different place in aerospace in a different place. In the Antelope Valley right now. So what do you think? Are the assets that palm Bill has served in this 21st century era? And what should they be shooting for? Their biggest assets. Are there people they've of all young people? They have diverse fuck, more diverse population. Palmdale could use a lot more health care and health and structure. That's a fairly straightforward, easy way to do better by its presence and also grow its economy and Have more jobs that are higher wage. And then you know, education is is a real issue up. They're both this school's could be better and you know the higher education there's there's Animal Valley College. There's kind of small satellite of Cal State Bakersfield there, but you know a place with almost 100,000 people, interesting part of the world. For desert and energy and logistics. All sorts of things strikes me is a great place for a real public university campus be great place for another Cal Poly campus. If you're gonna do something big up in that area. Cheesing a space command. You're never going to get them only gives you 1400 jobs is a waste of your time. Focusing on greater higher education and health infrastructure would make a heck of a lot more sense. Joe Matthews is a syndicated columnist with Zocalo Public Square..
Washington DC kids make the most of the Halloween season amid pandemic
"Money minute. Like most things in 2020, this Halloween will be different. Any Americans will be on the couch costume look. No parties retreating in Curry liberal reporter Nick Carrillo says costume makers will have a tough time. A lot of costumes. In a normal year are purchased by young adults and people going to Halloween parties, and those are largely off the tape. Sales of kids costumes may hold up better, but there will be candy, Carrillo says. Instead of the kids bring it home grown ups will buy for themselves and candy makers are adjusting whether that's keeping their candy themselves longer. Or maybe moving away from seasonal packaging. There's left discounting candy as we move into November for candy makers. Halloween is a big deal at Hershey. It's 10% Of annual sales, Carrillo says it may open a window into the broader economy is probably a really telling sign as we move into the Christmas and holiday spending season. How much people are willing to spend on skis and decorations and things like that from the Bloomberg News Room. I'm Larry Kowski on w T O
And Now For Dessert: Chocolate Beer!
"The pandemic has done strange things to America's Diet. We started stockpiling Spaghetti. O's frozen waffles became a thing again, and apparently we started drinking beer for dessert craft beer drinkers who want big flavor often choose hoppy IPA's but more recently. So called Pastry stoute's for dessert. Beers have become another. Fizzy favourite, rich, and decadent. They're made with flavors ranging from pumpkin spice to candied apples and Bloomberg reports. Their sales are up eight percent year over year ying-ling. America's oldest brewery is on trend. The beer makers teamed up with another Pennsylvania icon to make gangling Hershey's chocolate porter. The dark beer was such a hit at bars and restaurants last fall that the company is. Rolled it out in bottles this year Yuengling two hundred year old dark brewed porter is infused with Hershey's cocoa chocolate Syrup and chocolate nibs bruise and they're not the only company putting a sweet twist on their bubbly bruce a much newer player on the beer scene is giving trader. Joe's some sweet treats for the Beer Aisle Hollywood park craft brewery has recreated the. Flavors of TJ's popular speculation cookie butter spread in beer form. The grocers cookie butter spread has developed a bit of a cult following people actually buy it at TJ's and resell it online. The beer version is made with Hoven Ella, beans, milk sugar, and toasted coconut in review the website pop sugar declared that speculative cookie butter beer quote tastes like Christmas in a bottle. TJ's has also worked with another brewer to develop a coffee peanut butter cup porter, which is a dark beer brewed with chocolate malt coffee and peanut butter powder. Perfect for those who want to drink their after dinner traits. If you have a sweet tooth, these seasonal libations may be welcome news but pastry stoute's and desert beers differ from more mass market brews in another way crack open corona or Heineken, and the alcohol content is about five percent alcohol by volume or a B.. Desert Beers are upwards of eight percent a b a pint of cookie butter beer has nearly double the alcohol content of your regular glass of Suds. That's because the sweet beers are made with more sugar with. VERTU, to alcohol during the brewing process. So imbibers beware these beers pack a punch and the calorie count isn't going to help your six pack either as we head into fall in the holiday season celebrating with Desert Beers can give you a sweet treat and warm buzz and glass or bottle. The bad news is that they make that fourteen fifteen. Stick around a little longer and.
"hershey" Discussed on OC Talk Radio
"That took about half podcast. I'm Charlie hedges is in this is an ex chapter with Charlie, I am talking about. Soul nourishment with our differen- Terry Hershey and we have discussed sort of the need for the lack of Solo nourishment the habits of Keeping Score and merit systems and measurement systems and know that for nurturing of the soul none of those systems are working terry. So aptly pointed out that what is required Is. A genuine paradigm shift we have to we have to think in a whole new way of thinking. and. I. Have. I have. A list of. Of. Different things that I would suggest for nursing the soul but I'm. I'm curious. I know you talked about dancing singing. Thoughtfulness being alone and one other. Apart from those, what what type of you know let's get real real tangible. What kinds of things can we do.
Wayne Carini from 'Chasing Classic Cars' and F40 Motorsports
"This is Robert Ross with another episode of cars that matter and today my guest is Wayne Carini who everybody knows Wayne Wayne's the host of chasing classic cars and incredibly Popular Program about finding gyms in the rough Wayne's also owner of f Forty Motor Sports Portland Connecticut I'm going to call that as day job and what a job it is Wayne Welcome to the program during us to be with. Obviously we're talking coast to coast I'm here in Los Angeles, and you're on the eastern side of the US and were doing this by way of Zoom. So it's not in the studio, but it allows some long distance conversation really in much the same way that you probably deal with. So many of the collectors nowadays things have certainly changed for all of us in the way that we communicate and weighed. The options are being held virtual car shows everything's changed slightly only. It's just for short periods. We'll talk about some of those things both the short-term effects maybe some of the long term positive benefits that come from this, it's hard to imagine there are any, but they're actually might be but instead of going forward in time, let's go back in time for a second. Let me just ask you the obvious. Question a lifetime love affair with cars, full classics, postwar sports, and racing cars, and probably even some modern collectibles. How did this car fixation begin when I was born into it? My father was founder the model a restorers club America back in nineteen fifty one year I was born cars were basically in our family from the beginning and then my dad restored cars for a living whether it was Duesenberg? Packard? As or buicks whatever they were my cousin built hot rods in a lean to next to my father's shop, and then a mile up the road was candy pools sports car shop where they had about every type sports car in the World Men Candy Pool is very famous race car drivers. So there was race cars, Ferraris Maserati. Oscars every type of car. That was rare stuff back then and I think that's how I got my ashes for everything to do with automobiles was brought up on every type of automobile. That's quite a broad swath. You Talk About Your Dad restoring everything from model as to Duisenburg's there couldn't be a wider gulf between those two and it's interesting. You mentioned that let's drill down into. That for just a second Wayne I often wonder the model a was such a ubiquitous machine, obviously the model t and then the model put Henry Ford on the map with a little company we call the Blue Oval but all the guys that actually treasure those cars and restore them and kept him alive for so many decades when they were well past. Their prime. It's very rare to see those cars any longer they sorta seems almost evaporated off the surface the earth they've become pretty popular again though in that era forcible way to get into the hobby and you could basically model for today from a catalog. So because of the ease of getting a apart the east of the restoration and the fun factor. With the driving aspect of it, I mean, these cars are a Lotta Fun to drive. Easy on reasonably priced. So we see model as actually their value and increasing summer bar. That's a great harbinger of things to come then because they really were sort of the cornerstone of the collector hobby back before guys can afford their full classics and all the fancy stuff from Europe. I starting going to Hershey with my dad and nine hundred, fifty, seven was six years old I think her she started either in fifty five, hundred, fifty, six does either liver fear second year, and then probably the third year I was there it became part. Of Our family, my dad created the model, a restorers club. He just come out of service in flight forty, eight and gentleman brought him a model a Ford to do some paint work on any restored to perfection for the gentleman brought it to local car show nine, hundred fifty and they wouldn't let him show it because they said that's just some old used car as nothing special and he got upset about that and went home and created the model, every stores America which thousands of people all over the world still supporting that club.
Candy Makers Try to Fight Off a Halloween Horror Show
"From wondering I'm David Brown and this is business words daily on this Thursday. July thirtieth. It may be the dog days of summer for most of us, but the folks at Hershey are already up to their necks in Halloween earlier this month Hershey announced it's Candy Lineup for horrors high holiday some of the ghoulish goodies include vampire themed Hershey, kisses stuff with red strawberry cream, and Reece's Franken cups which have a green creme dement flavored bottom. But the candy maker also has a haunting concern if covid nineteen continues to cancel in person celebrations what will Halloween Twenty Twenty look like Dad. Insult to injury the holiday falls on a Saturday this year. So little ferry princesses, pirates and ghouls could've stayed out later collecting more candy for their late night sugar rush without worrying about school the next day. Now it's unclear if people will be comfortable handing out goodies to trick or treaters at all, even with ample squirts of hand sanitizer in between. So Hershey is hedging its bets in an earnings call last week CEO. Michelle said the company is reducing production of Halloween, themed candy to avoid. Leftovers Wall Street Journal reports Hershey's earnings did beat expectations this quarter booze stead by pandemic comfort food buying and buck says that Halloween orders from retailers or strong. So she's optimistic that sales won't be too bad. Still The holiday makes up about ten percent of the company's revenue of that trick or treating generates have of the company's Halloween sales. So even a small disruption could be a real pain in the neck Hershey rival. Mars Wrigley is also thinking about October thirty. First, the company will revive skittles zombies, which were introduced last year longtime favorites like Eminem M.'s will simply get Halloween themed packaging on a recent episode of the marketers brief podcast Mars Wrigley's chief Halloween officer Tem Lebel said Mars Wrigley's planning quote conservatively for the holiday Lebed's primary title is president of sales, but the seasonal shift indicates just how important Halloween is to the company's bottom line. So what does it Candy Company do when faced with a Halloween horror show. Pivot, of course, both companies are studying lessons learned during the Easter Season Easter candy sales fell about four percent because of the pandemic according to the national confectioners association. Abell says Mars Wrigley had too much in store product, but ran out of online stock. Overall online candy sales have been growing especially chocolate
"hershey" Discussed on OC Talk Radio
"Charlie and with my different Terry Hershey and we are. We're talking about what I thought would be a pretty straightforward topic that's turned out to be much more complicated than than I thought it would be, and we're talking about the content ever character and how? What kind of society do we live been? That character is not. At least it, you know I, think. I think it's kind of secretly admired, but not overtly admired I mean I think people recognize trustworthy and respectful person, and they and they love them and honor them, but they don't. It doesn't get. It doesn't draw lot of press and so terry and I were talking about as we before we went on break is how does one go about? Go about as been. Franklin would have written because he wrote a lot on character about. What is? What are some good attributes of character without making it a simple checklist and You know how well am I doing today at that? What what kinds of? What kinds of prostheses might we use to? Become a person of character, or maybe not for its for us to become a person of character, but also I think I think what it takes Terry because I'm going to answer the question. It becomes admiring a person of character. And finding a role model that I want to be like that person I see someone said I wanna be like that person I'm not after that person's power I'm after that person's heart. Yeah I didn't. That's that's good So because I was thinking about the question you asked before the break, which is What would be the? What would be? The because I'm thinking the questions I would ask people. and. and. Here are the two questions for me. Charlie. Is One is because the people I know of character. mother Theresa. Who wouldn't. Martin Luther King Junior Mr Rogers. My Grandmother. People of character at some point in life. Had to take themselves out of the center of their life, and they had understand the concept of mercy. And the and the concept of mercy, but that also implies. An understanding that you need mercy. In the sense that. Mercy if you if I league mercy than we're going back to the very beginning of your of your comments, which is therefore I am not the center of the world. Therefore I'm not the center of at even this conversation. Therefore I I'm not. I'm not the center another anybody who has to make themselves. The center doesn't has not received mercy. That's a great comment. That's a that's a that's a great could. Could you perhaps? Give an example of that, could you? Could you elaborate on that a bit because I love that concept? Does a company out you? Record giving. Is that At some point I after wrestle with the fact that everything I thought I needed to be. To be quote, somebody. was either a not sufficient. or or or be didn't matter. And cause the second thing I read as of yours. The second thing after mercy is grace which I can talk about. But Bercy is the fact that There is a lifeline to me. That Terry this Terry without that of a stuff is enough. And therefore I don't need to I don't need to be. There's no need for puffery. There's no need for. Participating there! There's no need to be compass. There's no need to have character as an accomplishment acquisition. Or as a consumer. If his matter of fact, it it it. It really goes against the whole purpose of the. Of the exercise. Hundred percent. So so, do you think do Jesus words? Of. Consider the needs of one another as greater than your own is a pathway to character. Yeah I mean. 'cause he turned everything on its head. He turned the Old Testament system which was. You know thank God. At least we have list. We know what the list is. You know and I'm not. I get that, but he said there's something underneath that basically what you're saying. And you know the his a lot of his comments the least in these you know. or or praying for people that are in. All the stuff that we can only do. With I don't need to do it, there'd be impressive. So it, really it really. It seems in our discussion that is coming down to. What is important? Is it. Is it power and stuff. Or is it a genuine? Humility of self and caring for other people. I mean you know that that would be? That would be character right there, humility of south and caring for other people and and and consistency, and then we could just keep going on and on, and you can see I. Mean I mean I take Jesus for example and. Any of this conversations in the New Testament. As soon as someone entered his fear. The the the emphasis of the focus was on them the other person. That was extraordinary. Number words he didn't need to be somebody who do something and that's why I've been pressure this rogers. That's what happens with mistrial years. He didn't need to be important. You need to be the center. You can't do Charlie. You can't do things like love, one another or the least of these pray for enemy. If you have to be the center, you can't. Yeah. That's You know it reminds me of you know my listeners. Fortunately I haven't spoken of for a long time, but you know. In Richard ROHR's first and second half of life, it really talks about second half leading not fulfilling the EGO and not having all these ego demands and. And letting go of the EGO and letting go and then. More. More of a giving an a complementing sort of heart, sort of sort of way of law on the ask you a question because that's..
Facebook frustrates advertisers as boycott over hate speech kicks off
"America and multinationals really getting in politically. Starbucks, Coca Cola McDonald's corporate advertisers who are now pressuring Facebook and Twitter. Just censor. Post that Don't tow get Thiss, the Democrat Party line political insider Christmas Gala, says The far left has control of the media. It's a scary time for freedom. And freedom of speech in this country, and this is just yet another alarming example. Mikaela says many corporations hate President Trump and their primary goal is to remove him from office. Hershey's Coca Cola and other brands are putting pressure on Facebook, saying, We will not advertise with you until you start censoring. Just like Twitter. Facebook says it's caving to the pressure and will start labeling political speech that Violates its rules. And those rules, of course, favor Democrat points of view. Scott
Coca Cola gives up on social media advertising entirely
"We've actually got some breaking news here. Coca Cola pausing advertising on all social media, the companies saying there's no place for racism on social media so coca-cola, just the latest company in addition to her. She's in addition to Unilever earlier today, announcing that they are going to halt advertising on social media, and of course, this is a direct team at facebook which has been under pressure because of this flow of advertisers deciding to support this boycott Tim. extraordinary. Wow, the follow through here again. Give credit to the early stage advertisers, but when I hear this. I think I know it's very difficult. TIME FOR AD dollars. Every media company is assessing that and going through potentially painful time, although if you listen to facebook and their numbers. That was the extraordinary thing you really hadn't seen in effect, but there are other options. There are other media companies that are hearing this news. FACEBOOK's loss is their gain and again singling out social media as being a wild maybe. You know untethered environment of uncertainty in terms of the messaging. Advertisers want to control the messaging and the context in which their ads are placed they may be able to do that and other places. I'm not well-versed in the crisis management companies here in the US who knees, but I would suggest that facebook higher one this weekend, and that's not in a vacuum. We talked about this earlier in the week and we said. Those companies on Tuesday with I won't be the last, Coca Cola. That is a huge huge deal. and. The fact that he mentioned proctor and gamble earlier I mean it's no Bueno. Is they say I mean you gotTa? You gotTA. Think that there are a fortune five hundred companies, S. and P., five hundred companies this weekend that are going to be meeting and reevaluating their avs, ben whether or not they're spending on social media, and on Monday. We started the show with when the LEVEE BREAKS PK. I don't know about what Monday brains. All Over the LEVEE. At this point, it's broken. I mean you. You know companies like Coca, Cola and Hershey this. Is it you you as a corporate board member as a CEO cannot? CanNot continue on. You have to go along binds be of what Apple closed their stores for cove. Everybody followed behind I think Monday morning you're going to see a lot more people pull out of this advertising on social media facebook in particular
Hershey says mint, gum sales hit a low as lockdowns restrict social gatherings
"Case with the sales of mints gum and candy grab at the register are falling as more people get their groceries delivered or pick them up curbside sales a mince in the U. S. are down thirty percent year on year Hershey the maker of icebreaker said in a filing that social distancing protocols are directly tied to the drop in its sales the good news toothpaste and mouthwash sales
Suffering Is Part of the Journey
"I want the world to know that when I am in my own personal crisis or when I feel like I am questioning whatever is going on in my life. You are one of the first people I call and particularly now that my is gone. You've been such a solace in bomb for me in in difficult times and I'm wondering pastor Bishop Td. Jakes what's giving you strengthen? This moment you know I have of resilient faith in God and in humanity and that has kind of steered my compass through tough days and tough times and then I realized that everything comes as a schoolmaster teach a lesson and I wanted to believe to. Isn't all life experience here to show us who we are absolutely absolutely enter bring correction correction and redirection and I think this has been a co Viet. It should have been cooked correction team because it's a lot of correction to our values to our sociological understanding of ourselves. Collectively and individually. What do you mean by sociological understanding of ourselves so I think that we have become tribal We head divided into too many segments. Millennials boomers blacks whites Brown's Democrats Republicans us them globally not just nationally but globally. And and I think this Disease that attack without discrimination made us rethink? What is humanity I think that's part of it. I think that America needs to rethink. How much of our resources we have farmed out overseas that we found ourselves needing things that we couldn't manufactured but I've gotten away from manufacturer but I think that we also have to rethink how we value ordinary workers delivery keeper. That's that's by the sociological. Because I think for the first time people who were before invisible they were the invisible men and women to a lot of people in in in our country and other countries have now become have the title of essential this. Yes but here's my concern. I watched after nine eleven. We talked about the police officers and the firemen and they were Iro's erosion. We made a big fuss insane songs and cried and candles and all that but we didn't pay them anymore and they still couldn't afford to live in the cities they protect and so we get through by. I'm wondering what we're GONNA do about minimum wage of what we're GONNA do about their families and making it possible for the people who protect us in these big cities to be able to afford to live in the city they serve in. I mean all the people in conversations. I've had I tell you the one thing that people certainly do understand and have a great respect for teachers and think that they should be paid whatever they want their own kids lives have been permanently altered and that we will take that alteration and be more united as Tim Travers. Trying to do here today Do you think that that has occurred to enough people to have a shift in consciousness for awhile awhile? We get Amnesia quite quickly. And it's amazing when we're frightened how we come down to what matters most but how quickly we deviate from it once. We feel safe and secure geared and I know that sounds negative pessimistic. But but I think for sermons and seen too many funerals to do you much. Yeah I've seen it all before and But every now and then we get a booster shot. That kind of reminds us to humble yourself a little bit and not take so highly of yourself and not to always evaluate your worth by your net worth. There's there's so many lessons to be learned here. I know I mean if you just open our eyes we can see them as we endure this crisis. You wrote this on Instagram. Last week. Be sure to lead by faith and show people that it's possible you said to be joyful no matter the condition. Where are you finding joy right now? You know I have not spent this much time at home it years. Okay with just my wife and I in the house and nobody else and so that has given me an opportunity to appreciate simplicity Sometimes we're so driven by our responsibilities that we get away trump simplicity. That's one of the things I learned from you You know you walk into the Darnall your fruit and spelling your love a blade of grass. Now I can love a blade of grass. Yes Sir you've been so inspirational. You started out talking about me but you. You've also been very inspirational. 'cause I've got to see you behind the scenes at seed. What quality human being you are and I think that this creates an opportunity where we start to appreciate each other and say it to each other. The things that that gave us comfort during this time costs no money at all a kind word a quick. Tech's a you know a a moment. Facetime checking on elderly person left alone. checking on successful people. Because it didn't matter how successful you were. This was still devastating. And you still need a little love a little hershey kisses. You know you know you. Suspended those incredible in-person services at the Potter's House in Dallas. And you say this is a great time for us all to be able to re-instill our core values and for families to reconcile and also reconnect. I mean just like you and the first lady Sereda have been able to spend time together so many families haven't and for a lot of people that that ain't so sweet. Yeah Yeah Yeah. That's true that that is true. It will either work for you or against you one of the things that I thought about the church part of it. Was You know when the teacher talks all through the classes but when the test comes she's always quiet and this was a testing moment and there was a time that we weren't able to draw from our traditional types of worship services because the test was in session? How much have we really learned? How much have we really grown? And even to those families who are lucked alone and they are combative. They will either find a way to work. Their way toward wholeness or toward a decision. That says we're better part than we are together. Not every story has a happy.
Lindsay Gibson- Womens Adventure Club
"Always curious with people that we interviewed for Fit Lab Pittsburgh and I know women's Adventure Club you clearly like to spend time outdoors and you clearly like to move but were you in active kid growing up and if you were an active kid was it. 'cause MOM and dad's get the heck out of the house or was it because you played organized sports or did you find movement and being active outdoors later in life. I always loved playing I was in. I was in a few organized. I never really excelled at any one of them. We played tennis with my dad Soccer I did track in high school. I love to swim. I think for me. It was less about the competition and more about the social part of it. You know who I was with especially things like being with my dad. I mean I didn't care really what I was doing as long as I can be with him and And somehow food was always involves like ride our bike and get ice cream or. Let's go play tennis because hotdogs that they sell at the stand are so sure how healthy that is. That was part of part of my go. I know I was. I was interviewing somebody for moving to live a doctor who's gentleman who is a physician is in Spain right now. He talks about his wife is from. Spain and people always say well. You have ice cream every day for dessert said but what they don't take into a cow is you. Walk Six thousand steps from Your House to the ice cream parlor. You have one small scoop and you walk six thousand steps back so the hot dogs or the ice cream that you got with your dad. It probably wasn't hop in the car. Hop in the mini van. It was more along the lines. We have to walk. We have to ride our bikes. And then you get that as a reward. That's right that's right. I think exercising in nature is something that came later Although looking back you know you you find your passions and adult as in the dull and you look back at your childhood and you can say all they were always there. He's I used to love playing in the woods with my sister. I was little and I. I just Those same feelings are still there when I go out into into the woods now for a long hike or cross country ski or about bike and I know from looking at the Women's Adventure Club web page and facebook page. You lead a variety of outdoor movement activities. How long have you been doing a variety of outdoor movement activities? Was this something that you started when you got to. Alaska you said all the others all these opportunities or was it when you were younger living in different parts of Pennsylvania. Hershey as a working adult. I think you know as As you evolve as I've evolved different activities have come into my life so kind of according to place so when we're in California we where my parents live we serve and we hiked by the ocean And we're in Alaska. The winter was long. We had five to six months of winter and I was not a downhill skier. I never had Nordic skied before moving to Alaska. I never snowshoeing before a though I I better I better learn how to do these things and they ended up being my favorite ways to be outside and most of these things. I learned in my late thirties. Which was a huge important part of learning for me is that you don't be afraid to try something just because you think of yourself as being old you know it's really never too late to go outside your comfort zone and try something new. I think that's well put. I know a good friend of mine. Did his first ironman triathlon when he was forty four forty five and he's sixty six now and he said he can't just imagine a day or a week where he doesn't go for a bike ride or go for a run and I think you hit on it a few minutes ago moving and being outside there's something to it I know there's forest bathing anders nature baths and things like that so. I'm always curious when I talk to people who were movers. Is there a favourite movement activity that you have like if you have a free day or free week and somebody says Lindsay? Hey you can do. Anything you want cost isn't an object. What's the favorite movement activities? That you have architects. I think I think hiking I love Nordic skiing but the you know our winters are not very conducive to that here in Alaska. It was definitely Nordic skiing here. I think it's hiking it's accessible to everybody. There are so many great trails parks around the Pittsburgh area You can get out there regardless of your age and to some extent what kind of physical figure and you know you can do hikes or you can do really long all day. Hikes where there's a lot of elevations gain At your in the trees and I did a hike on Tuesday. Were it was in bear? Run Nature preserve down near Falling Water and at one point I stopped and could not hear one man made sound. It was just complete silence so I think hiking really allows you to get away and kind of get out of your head and take all the joys of Nature. I can understand that we do movement tippin lifestyle hack and fill out Pittsburgh. Were there videos and I know when I go back and I watched the videos very often. I've surprised at all the data. Sounds I missed? So it's really reminds me when you're out there. You know that that babbling brook the The the sounds of the birds that if you don't pay attention you miss that. And that's part of the real thrill and I told the couple people this week. One of the things that if I was an indoor exerciser I never would have been able to see is about a year ago when I was in my local park with dogs. There've been a lot of rain. I got to see three deer. Swim across a stream. One of them being taken out or taken down with the current and Kinda ride the current. Kayaker does do they hit a Eddie and all three hop up in the bank and shake like a dog on what one of the cool things about that as actually had my phone with me so I have a video of it and to me having exercised literally all over the world. That is one of the coolest things I've ever seen which I never would have gotten if I didn't go outside right. Oh that's so cool
No More Hugs for Hersheys
"March eighteenth. It seems so light hearted and innocuous Hershey's heart warming the world ad campaign celebrating human connection full of hugs handshakes until the corona virus. Ten days ago only half a week before the World Health Organization declared a global pandemic the chocolate maker announced it would kill the at least for now one features a man named Iggy Moreland who posts on social media thirty or forty times each day. Because he's such a connector her. She asked him to give away chocolate bars in real flight. Good Morning how You Doing Aka sharing in person you get to build that connection yet that warm feeling it made for a great experience. I loved it twice in that. Fifteen second ad Moreland was rewarded for his generosity with huge enthusiastic bear. Hugs her she was also running a similar ad. Featuring ninety four year. Old Bob Moreland I o resident. Who for years has been giving hershey bars to strangers and receiving a lot of love in return? What a difference a week makes as the corona virus spread aggressively around the world. Public Health experts have been urging people to stay six feet away from well everybody. The social distancing recommendation intended to slow the spread of the virus which means that the physical connections depicted in. The ads are now off the table hugging. No way handshaking. Not even a chocolate bar will fix that. One many alternatives to the traditional greeting have cropped up on Capitol Hill a physician attending a closed-door meeting of Democratic lawmakers urged them to replace handshakes with Star Trek's Vulcan Salute according to CNN then there's bumping elbows bumping feet and even in some circles the bumping booty so with it's heartwarming campaign firmly in sciences crosshairs. Her she cried. Uncle Hershey's chief marketing officer. Jill Baskin told at age sadly we have decided to temporarily replace two of our ads that feature human interaction that include hugging and handshakes due to the current sensitivities surrounding the covert nineteen virus in their place. Her she's running the spot starring. What else the candy bars themselves. Absent any trace of human being. Now it's hard to tell at this particular moment in time. What any company is really worth eight billion dollar her. She's had been having a pretty good year until now like other big consumer packaged goods companies. Her she had cut costs for several years and last year it began ramping up spending on advertising and marketing according to The Wall Street Journal including advertising during the Super Bowl. You know seem to be a great time for more brand building to be chocolate as a whole is having something of a moment or I guess we should say more than a moment as of mid twenty nineteen the US chocolate market was predicted to grow to thirty billion dollars by twenty twenty one up from twenty two billion dollars just a few years back in fact her. She's had been doing better than most large consumer packaged goods companies. According to the Motley fool. That's not just because of treats like reese's peanut butter Cups Hershey's kisses and Kit Kat. The company's been setting itself up for long term growth by diversifying into so called better for you snacks. Two years ago it spent more than a billion dollars to acquire pirate brands which owns the kid favorite snack pirate booty as well as the parent company of Skinny pop popcorn last year. It also bought one brands which makes high protein snack bars. According to the Motley fool anyone who ever Stroz the candy aisles. Oh come on you know you do anyone who does so is well aware at the Venerable Candy Company faces some tough competition. There's Nestle of course and giant Mondelez international best known for Oreo cookies but which also owns rival chocolate maker. Cadbury Mondelez also
Nicole Lapin's Super Woman Approach to Personal Finance
"We have one of my awesome friends in an all around Rockstar. She's the author of a number of bestselling books including Bostitch and rich coal lap. And thank you so much for joining us today. Thank you Brian. I feel like you should do the male versions of these books. What do you think would they be called points bitch which would be great or rich dude rich but I get so much cooler? Like rich bitch is fun but I feel like it would be kind of like people. Look down on me right. Nobody could ever looked out on. You know I think you know you and I don't even other side hustle or another project but if we did. I think you could do that. Let's talk about you. I mean you have been the youngest anchor on CNN and so you went from knowing nothing about finance growing up. You are first generation. American money was not a topic in your household and now look at you with these bestselling books. How did how did you go from zero to one hundred? Oh my gosh I would have said like bonds had to do with bond girl growing up. I knew nothing. I mean. We don't learn in school. It's bananas like if you and I are in charge with world I think we say instead of or in addition to the Thiam Theorem are all this nonsense dissecting a frog you need to learn how to budget how to do taxes how to do a business plan what the heck a credit score is all that stuff and today. I don't have kids but I mean I know my friends. Kids are studying mandarin and traveling. I have to think today in. Today's curriculums are teaching. This are they not. They're not and I think that personal finance. It's such a disservice even like what am I doing? Going to speak at business schools. Even my friends who had gone to business schools. They asked me like the most basic personal finance questions. One of them said I have money because I have checks. I'm like Oh my God. I'm so scared for society right now and I'm the least likely person she knew any of this stuff but I realized that money is just the language like anything else. We just don't have over a stone for that language growing up and I got a job when I was eighteen because I grew up in a super broken home needed to start working really early on my father died of an overdose when I was eleven and I just started in school when I was fifteen on the air at small markets and I needed just a J. O. B. leg. I didn't have the luxury of doing what I love like a lot of entrepreneurial experts like. I just had to figure out how to love what I did because I needed to make money and I was offered a job on the floor of the Chicago Merck. At the time I wanted a job in like big market Milwaukee from the small broadcasting. No I went to northwestern and they asked me if I knew anything about business news and I just said absolutely I love business news and I totally lied and totally faked it till I made it and I knew nothing about it and I was thrown on the floor of the exchanges in Chicago and I just went to the school of hard knocks and just learned it. It sounded like Chinese because it really is a language like once you can the language of money. I actually rewrote financial dictionaries in the back of my books in real English like short not the opposite of tall. It's the opposite of long means. Something's going in the pooper league. It's not serious. Equity is a fancy word for stock like a know. It sounds really right but once you learn it and once you know at this complicated so you're known for your twelve step guides someone listening right now who's their houses and so much in order like bring us through like where do you start? All of my books are twelve. Step plans because the first step is admitting you have a problem and we'll have problems when I started working in business news. I felt like total impostor because I got myself in debt I got myself in five thousand dollars of credit card debt. And as like an immigrant's daughter I was still trying to keep cash under my seeing. Because that's what we did but at the same time. Like I was accumulating interest and he didn't know how compounding interest worked all of that stuff so I just got myself out of it the hard way and I broke it down into steps. And that's what really helped me. So five thousand dollars was twenty five hundred dollars a year and then I wrote it down by the month. A broken down by the day was seven dollars a day and to that felt more manageable than like an overwhelming five thousand dollars and so I think generally when we were talking about finances. When you're talking about business it feels so overwhelming unless you break it down into twelve stabs and within those steps like break it down into actionable steps that you can take so when you say that because in college I got my first credit card was the University of Pittsburgh Elia Card. I think they gave me an umbrella. Or A T. shirt as my sign up bonus time Clean Crowley God book to Spring Break to Ireland. I was making no money so clearly. Like a five hundred dollar balance was all of a sudden a thousand. After after college. When I moved to New York City I like it was quicksand. I couldn't pay rent. I mean then I had a bill from college A rise in bill that was sent to collections and they were going to garnish my wages. Like I was hot mess so it is kind of funny. Now when I'm like you know advising people on credit cards but I do think that actually going through the hell of debt and knowing the negative sides I think makes us better people to say look you have to be a credit card debt and I think that's what I always tried to make clear would like points. Yes credit cards can provide amazing value. But if you're not paying the interest and getting totally underwater with interest I always say that debt is the only four letter word. I don't like I mean bad debt. Right that's right. I know there's like good. Debt and bad debt. Avocados is good fat. So other advice like that you give to people who are just trying to get it together getting that debt monkey off your back is one of the chapters or one of the steps in rich bitch and I talk about how you should also prioritise to pulverize. So I think a lot of folks think that all data is created equal. And so when you see bill and you have one hundred bucks and you got a magical bill for a hundred bucks. You're like alcohol. Just got rid of that because feels really Cathartic. I'm done with this bill. The not the best thing to do. Because you should start with your credit card debt. I than if you have a car. Loan of course tackle that you don't WanNa panted appreciating asset And then if you have a mortgage and then finally our student which is considered good debt. Because they can take away your car they can take away. Your House. They can't take away your brain So I know you just got back from volume of course is the travel podcast. We'RE GONNA start talking travel. But how do you budget for travel like is it a line item is it a non-negotiable especially millennials and Jesse? Everything's about experience like how should be people thinking about budgeting for travel and trips so I think of a budget as a spending plan in the same way as you would think of a sustainable Eating plan as something that you can take two instead of like a crash diet so allowing yourself the equivalent of Hershey's kiss so you don't end up in the middle of the night and all she on a Bagel hunk of chocolate cake because you're so hungry and deprived we've all been there and so when people say cut out your morning law like I just want to Bash my head against the wall because it's such a nice nice bankrupted by their Makotot's like let me liew. I work really hard. I want some avocado toast and a Soy. Latte or whatever milk law but I think if you break it down into I love letter. Ration- The threes so essentials and game an extras Su. Seventy percent of your overall spending plan. Go to the essential so your food or transportation and your housing everything you need to live on every single day then fifteen percent should go to the end game so the future Brian. Your investments retirement all of that and then fifteen percents should go to the extras. Like you have to allow yourself for extras whether it's travel whether it's the law tae whether it's the many petty whether it's like avocado toast for everybody. Whatever does it for you like. Allow yourself fun. Otherwise we're going to bench later on because people will say to me in the beginning the early in the morning doing so great and then four months later about the Gucci Prada by the. Hello captain obvious. Just got a lot every day. You keep yourself motivated. Have that small indulgence. Binge later on. So that's what I do with travel and then I also like name my sub savings
Google Eyes San Jose For a New Campus
"Valley is home to countless companies and their employees but as those companies have grown. They've caused the cost of living in the area to skyrocket and created a housing was in crisis. But it's getting crowded. Another star companies are expanding to other cities cities that are learning to be cautious about the potential harm. That could come with. These is new businesses that brings us to Google. They're looking to build a new campus. In San Jose and Tech reporter Rob Copeland has been checking it out. Rob Thanks for joining joining us. Thank you for having me so tell us about what this New Campus in San. Jose is supposed to look like so to understand Dan. This you have to take a step back and realize that Silicon Valley is sort of a hot word but SAN JOSE is right on the edge of it. It's in the South Bay it's about about depending on the traffic could be two two and a half hours south of San Francisco so this is sort of the hinterlands of Silicon Valley. It's it's barely there and what Google has said is we need a ton of new space for twenty five thousand additional employees so we have to start looking at these places that we weren't willing to go to before four so they're looking to build a giant campus twice as much office space as the Empire State building around what is not a particularly attractive neighborhood in in San Jose. Now you mentioned the Empire State Building that is a very tall building with many many floors as is very typical for New York City. I'm guessing they're not going to take up a very small space and Make a skyscraper in the middle of San Jose Correct San Jose like most of the bay area and in fact like almost everywhere we were in California outside of La in a few blocks in San Francisco is extremely SM- sprawling. It's not a skyscraper place. So here we're talking about about an extended campus along a river. Google hasn't said exactly how tall the buildings will be. But we're looking at ten twenty maybe one building of twenty five stories and it's really going to transform what is a bunch of parking lots Into perhaps a new city so one would assume that a place that just has a bunch of parking lots and is on the very edge of Silicon Valley would be thrilled to have google come in and set up a headquarters there. How is San Jose reacting will well? That's the really interesting thing. The traditional theory here is you know everyone wants to be Rochester with Kodak or they WanNa be Hershey with Hershey. But there's a big difference between between how the San Jose city leadership feels about Google. And how a lot of residents to the city leadership says hey a huge employer our residents need jobs and and frankly they pay taxes that we can fund schools and all sorts of other obviously city services but at public hearings. And when I've spent a lot of time in San Jose as talking to residents they feared the other end of this the gentrification and the getting pushed out of their homes than the feeling frankly that San Dan Jose will change culturally. It will just be another place full of tech frozen Patagonia fleeces and not just a cultural aspect right. I mean there's an affordability ludi questioned. That happens when people with a lot of money come into a town. That isn't used to those kinds of incomes right exactly. This is a problem acute problem in the bay area. And it's a problem in California at large California's incredibly popular place to set up a business particularly in tech or entertainment but local regulations. Make it close to impossible to build new housing. So this isn't exactly rocket science here if you've taken one economics class or if you've wikipedia supply and demand if you've got a whole bunch of new rich employees coming in and you're not building new homes. They'RE GONNA bid up the price of existing homes and that's GonNa make it too expensive for the people who live in those homes now. I'm thinking this reminds me a lot of when Amazon announced plans to build a second heart headquarters One in Virginia and then one here in New New York that didn't go over so well. With residents in New York and in fact those plans were and ended up being Scrapped completely Amazon. Pulled out of New York. How outed Google go about trying to win over San Jose right so there are some important differences but also some similarities? The big differences Amazon ran what was essentially a beauty contest. They went to a bunch of cities including frankly a lot of them they were never going to move to and they said make us. Your best offer gives us tax credits convince us why we should come to you. And at the end of the day that led to the axing of you know H Q two in New York. Google has said few really important things here one no tax credits. They say we're going to actually pay San Jose above and beyond what the law says. We don't want money from them. We're GONNA give that money. They have also said. We're not running a competitive process. You know we're not going to go to the next city over. If this doesn't work for San Jose were just in it for San Jose. We want this to work in San Jose and and the The other bit is that Google is not just talking to the city about housing. You know they're lobbying the state they're making contributions to community groups. You can be cynical or you can not but they do appear to be trying to be a bit more of a corporate citizen here. Why do they want to go to San Jose? What is San Jose have to offer that? They're so excited about so. San Jose is is at the very bottom of Silicon Valley. But it's right around a train station and this isn't that sexy but it's true if you could get workers to take the train from San Francisco South to San Jose you can have a faster way for them to get to work and you could potentially attract better talent and San. Jose is a big city right. You know I was actually surprised when I started this project few months ago. San Jose is the tenth biggest city in the country. This is a huge city on its own right and it already has big problems. You Walk through downtown. There's punishing homelessness and there aren't any easy solutions there. So the idea that you would take all this open space and you build offices for tech workers is. It's a difficult pitch for some people. Is this a tide shift. I mean is it just Google being a corporate citizen or tech companies realizing that not just winning over a local officials is not going to get them the headquarters that they want your exactly right. The problem is these tech giants are sort of the big bad wolf wolf right now. And it's not just in housing and it's not just in San Jose and when you talk to executives out here which is you know we have a whole office of people and that's what we do all day. They're sort of shocked that the our companies are considered. You know the enemy so this is an effort at a very important juncture for Google which is under investigation nation by the government to sort of put. Its most friendly foot forward and to try to make this work. We've also seen tech companies responding to their airport in the housing crisis in California. Just for people who aren't there. Can you just give us some perspective and some scope on how big of an issue the housing crisis is in the the bay area and why people in San Jose could be really concerned. Seen somebody like Google come in a company like go come in. So here's a really telling stat. FACEBOOK FACEBOOK has a program in which they will pay the difference in rent for a handful of teachers in Palo Alto which is very rich town right by facebook headquarters so facebook has said. If you're a teacher and you can't afford to live in Palo Alto. We will pay the difference between your rent and thirty percent of income so a unreasonable rent and facebook is paying more than thirty thousand dollars a year in rent subsidies for these teachers as thirty thousand dollars ahead there. So there's a huge gap between what quote regular people make and how much you'd have to make to just live so this is a crisis. That's getting worse. Frankly not better. And it's something that affects. Frankly everyone in the bay area you know from facebook isn't the only big company that's done stuff like this right. I mean apple has committed. Did two point. Five billion dollars for affordable housing in California. Google has already done and meet some land donations in San Francisco so we are seeing them. Address is this issue but obviously that's just kind of the tip of the iceberg to direct via situation that they were largely part of creating. What's next for Google and San Jose? How close are we to seeing this deal actually announced? This is a very important year for Google and San Jose before the end of the year. We're going to see the San Jose City Council. Vote on this over the next few months. Google is going to come out with its quote community packages basically the money. It's willing to pay a to various groups in San Jose to build affordable housing to build homeless shelters to set aside areas for park land. So this is going to be a big negotiation in a big back and forth. And let's not forget Google search engine. It's a big advertising company and it's a public company at the end of the day if it doesn't make sense for shareholders it's not GonNa do it would rob Copeland reporting from San Francisco. Thanks so much for joining us so much
"hershey" Discussed on OC Talk Radio
"Today is my new year's resolution episode and has already more than two weeks two weeks late that is. I fear that we may be seen as a projection of how my New Year's intentions are going to come to pass this year. which is late in my Myers Briggs personality style inventory? I fall into the class at defines on time as as always late I thought about it and have determined that the deadlines associated with so many of our new year's goals are really really false goals. Because they're pretty much established rather arbitrarily. The moment we made up these goals our guest today my dear friend Terry Hershey who is endowed with my same personality defects writes for me the word deadline simply simply means. It's time to get started. We both believe in dead that deadlines in truth or really just guidelines signs. I know of no one better to talk to about sending the New Year's resolution Terry Hershey as you know or may not. We did the same kind of show last year and as I recall al-tahri we totally pooh-poohed the notion of New Year's resolutions. Well enter a new year and a new decade and and I feel differently. I believe that New Year that the new year and that the new decade provides a grant opportunity for reflection on the passed and a promising introduction to the future only for me I personally have altered the term goals to intentions. I like the word word intentions because it feels a bit softer. Perhaps for those of us who have the deadline versus guideline malady so to dairy today Terry and I will explore floor. What are in tension lived lives in two thousand twenty? But before I bring Terry on. I want to quote one of my favorites. Seth Seth Godin who recently wrote and I like this for most of us two thousand twenty will be attorney point because it's another chance to live tomorrow over again a chance to reset to decide what's important and what's worth working gene for to me. All of us in America would benefit by taking a moment to reset decide. What's important and what is worth working in for Terry Hirsch? Welcome to the show bud which party I remember last year. I don't remember I. I know that's hard. That's all right. We're GONNA talk about age later telling me Since I'm never on time it's too late to issue a happy new year. I know I know. Because and here's why because I celebrate You know that That song that we don't ever like about Christmas. The twelve days of Christians purses were the days of Christmas ends on January six so I celebrate all twelve days so that I don't New Year doesn't start to meet took January seven. Oh so we're just today late yeah learn. Yeah perfect perfect perfect now. Although you and I share are what I might term a mutual disdain for traditional you new year's resolutions routine it's fascinating that both of it's Separately independently seemed to have succumbed to entering two thousand twenty with a bit of reflection and thoughts about how we might approach the oncoming oncoming year. As well as decade in your most recent entry on Sabbath moment a couple of days ago you reflected a distinct consideration about your interior self. Tell me what is to write that letter. I know that was a difficult letter for you too right..
Trump: Dems 'embarrassed' by impeachment 'witch hunt'
"President trump at a rally last night in Hershey Pennsylvania claiming Democrats signed off on the new north American trade agreement because it plays down the impeachment of which they're embarrassed this silver lining of impeachment at is what John that's the reason you see a so that's okay with
US, Mexico and Canada sign revised trade deal to replace NAFTA
"Tonight in Hershey Pennsylvania the president held a rally and the White House and Democrats to cut the same day that the White House and Democrats announced agreement on a modified now after the we are on the verge of ending the nafta to test your fee once and for all will soon vote on my new trade deal the US Mexico Canada agreement or US MCA hands presence is the silver lining of the impeachment process is that you SMCA is going to get past as a
Trump responds to articles of impeachment
"House president trump says house Democrats would be making a mistake if they vote yes for articles of impeachment well I think the Democrats I can't imagine they vote for it because we did nothing wrong there was absolutely nothing done wrong at a rally tonight in Hershey Pennsylvania Mr trump called it impeachment light he told the crowd the Democrats are stone cold crooked on
Trump mocks impeachment effort, talks up trade deal at rally
"In his speech to supporters in Hershey Pennsylvania president trump said Democrats in the Washington establishment are trying to overturn the results of the twenty sixteen election he also claimed the effort is backfiring on the Democrats whole numbers have gone through the roof because of her stupid as for his battles with the Democrats throughout his presidency a regular president would have been under a table some in the mouth saying take me home mommy this is too tough for me the president also called some in the F. B. I. scum and dismissed the justice department inspector general's report determining that the F. B. I. was justified in opening its investigation into ties between his twenty sixteen campaign and Russia I'm Tim acquire
"hershey" Discussed on Business Wars
"I'm exploring financing options. We listen if the will is there on all sides we can and do this. They need to think big picture. We all know and have known for decades that Hershey and Cadbury are wonderful match West promises this is to return with a concrete offer. But Time's running out. Rosenfeld is stepping up crafts attack. She announces a hostile takeover bid and raises her offer to seventeen billion dollars and she tours Britain and the United States encouraging cadbury stockholders to embrace her plan events events are fast slipping out of Cadbury's control only her. She can rescue them from craft. Now it's January twenty ten and Hershey. CEO David West is back in London and this time he's got an offer for Cadbury as car listens. West lays out the details we're making a solo bid for Cadbury and it's got the support of the Hershey Trust cars heart lifts at last a array of hope west continues. Our offer is eleven point. Seven billion dollars carstairs at West in disbelief. Her she's offering six billion dollars less than craft too low. We can't sell that to our shareholders. It needs to be higher west. Looks down at the floor. He tried to put a good face on it but he knew it was unlikely. Cadbury would accept such low offer. Unfortunately that's is the best I can do. The Trust won't let us borrow more because it might damage our credit rating car shakes his head. I'm sorry but that offer offer is unacceptable. We'll take crafts over that. Shortly after Hershey drops out of the fight for Cadbury on January eighteenth eighteen th two thousand ten cadbury's board submits to kraft's takeover two years later Rosenfeld Spins off crafts candy and snack business this to create a new candy superpower Mondelez international and the years that follow her she boosts overseas presence advise Indian and Chinese chocolate makers but the company is decades behind the competition Asian and it may never catch up with experienced global players like Mars and Mondays. We're back home. Things are very different every a year. There's a chance to blow out the competition. The candies NAMI begins. Every October stores overflow with Halloween. Candy's combining for the attention of the trick or treaters. Halloween is the US Candy Industry Super Bowl in two thousand nineteen Americans will spend somewhere in the neighborhood of four point point. Five Billion Dollars on Halloween Candy. Swelling the coffers of whichever manufacturer created the holidays most eye-catching confections Hershey's is is pushing Pumpkin Pie. Kit Cats jack-o-lanterns shape peanut butter cups. Meanwhile Mars is dressing up EMINEM's glow in the dark rappers and daring people to to try Zombie skittles with flavors like mummified Melanin Rotten Zombie yet. This annual showdown is unlikely to shift the Balance Balance of power in candy land. Her she's been America's top candy maker since the mid Nineties Mars status is the world's biggest confectioner seemed solid two but the current stalemate between Hershey and Mars doesn't mean they've stopped fighting they got to stay hungry and keep battling just to cling onto the squeak profits. They're already making an should either one of them give the other break. They know they they can expect no mercy from wondering this is as business wars if you like this series. Please subscribe on Apple Podcast spotify. Google podcasts Stitcher iheartradio. Or wherever you listen to podcasts. Cast you'll find a link on the episode notes just tap or Swipe over the cover art you'll also see some offers from our sponsors. It would be sweet if you could support our show by supporting them. If you like what you've heard we would love it if you give us a five star rating and tell your friends how to subscribe another way to support us is by answering short survey at wondering dot com slash survey and tell us what business war stories. You'd like to hear a note about the conversations in this episode. We can't know exactly what was said but this dialogue is based on our best research. I'm your host David Brown tristen. Donovan wrote this story. Karen low is our senior producer and editor. Emily Frost Edit to destroy our editor and producer as jenny lower. Beckmann sound designed signed by. Kyle Randall for Bay area. South our executive producer is Marshall Louis created by Fernando Lopez for wondering..
"hershey" Discussed on Business Wars
"The trust flexes its muscles in the aftermath of the aborted talks with Cadbury a power struggle. Oh breaks out between Hershey. And Its most powerful shareholder the trust accuses the company of misleading about the Cadbury Merger Company claimed the trust is twisting the facts. The Trust Demands Hershey fire. Two of its board members. The company refuses the trust lashed forces them out anyway in response eight. Hershey board members resigned on the same day the trust replaces places them with its own. People tightening its grip on the business. But as infighting consumes Hershey Mars is plotting plotting a major move April. Two Thousand Eight McLean. Virginia William Wrigley sits at the kitchen table able in the home of Mars President. Paul Michaels is Michael's fixes sandwiches. The heir to the chewing gum empire wonders. What's in store? All Omar's would say on the phone is it wants to talk sandwiches. Ready Michael's joins Wrigley at the table. So you're wondering why I wanted to meet you right. Wrigley Sandwich in hand smiles would be nice to know. Well we want to buy the Wrigley Company. We think it's a good cultural will fit for us. Our products complementary and Wrigley's international distribution network offers strong synergies for our brands especially in China. AH WRIGLEY PUTS HIS SANDWICH DOWN. And you replace Cadbury's the world's biggest confectioner now. It's Michael's turn to smile. Yeah yeah that to Wrigley Pauses to think. His family still owns most of the company stock and since he used to run the businesses. His relatives will follow his lead. If he backs selling to Mars. This is a done deal. No Right. How much money are you offering offering twenty three billion dollars all cash? No Stock Wrigley does the math. The offers thirty two times Wrigley's Wrigley's annual earnings. It's too good to refuse. I'm interested but I need to know you've got the money. I don't want to put the company through this if you don't I understand. Give us a week. It's two days later and in his office in Omaha Omaha Nebraska multibillionaire investor. Warren Buffett cracks. Open a can of Cherry coke. He's about to take Swig when his phone rings. This is Warren Hey Warren Byron Trott from Goldman Sachs here. I'm calling on behalf of Mars buff. It sits up. He's a big fan of Mars. Mars wants to buy Wrigley but to get the deal. They need a partner to put in a large chunk of cash. They've got most of the money but they need another four point. Four billion in dollars they needed in cash and they needed fast. So you interested. You Know Byron. I've been conducting a seventy year taste test of Mars Mars and Wrigley Products. And I've got to say both passed the test. Yeah Count me in on April twenty fourth two thousand eight just thirteen days after Wrigley's meeting in McLean the deal is done. It's a lightning strike takeover that stuns the industry and in Wall Street Mars is now the world's biggest confectioner for Hershey. It's another sign that it's getting left behind in the global global chocolate war next to Mars. Cadbury Nestle and kraft. Hershey is looking increasingly provincial. It's not even one of the the world's top five confectioners her. She knows there's one deal that would change everything a merger with Cadbury but if her she wants is that to happen. It needs to act fast and that's because another rival is already stalking the British chocolate giant. I've worked in all sorts of environments from big companies with affiliates worldwide. To just Lillo me in an engineer and a tiny sound booth and one thing remains true through it all clear. Communication and collaboration are key no matter what the size of your team. Today we're sponsored by Monday DOT COM. It's an amazing team management platform. That not only helps. You manage work and meet deadlines but also builds a culture culture of transparency. So your team can work better together whether you're a team to or thousands collaborating across the globe with Monday dot Com. You can manage manage all your core business activities right there in one place from high level roadmaps to specific day to day tasks and here's the best part. It's easy to use and fully customizable. You can build a board from scratch or choose from a selection of templates and Taylor to your team's workflow. It works like you I do. I'm telling you this is the tool you've been waiting for to make every workday a whole lot more enjoyable so start your fourteen day. Free trial by by going to Monday dot com slash W.. That's Monday dot com slash VW. Then use the Promo Code. VW To get ten percent sent off a paid account business. Wars is brought to you by Westin hotels and resorts at Westin hotels and resorts their entire reason for being is your wellbeing being which is why they're range of wellness. Offerings have been curated with one thing in mind you. I've been staying at West for years. And one of my favorite things about them is the consistently consistently high quality of service. You know after a long day of business on the road having a great place to eat in house and it consistently comfortable bed. Well you know Weston feels like home home but that's just me. What does it mean to you to travel? Well having healthy dining options sticking to your workout routine getting great sleep at West and you'll find nutritious offerings on their new eat well menu including flexible options like half portion sizes when you want something light. There's also an on demand workout gear lending program which includes running shoes and fitness clothing at your fingertips and you can cap it. All off with a restaurant of night's sleep in their signature heavenly bed. When you eat well move well and sleep? Well you rise no matter where in the world you travel explore it Weston Dot com a member of mariot bond boy boy. It's August two thousand nine and in a meeting room inside a West London office block cadbury chairman. Roger Carr waits for a visitor. Bitter cars are battle-hardened sixty three year old businessman. And he's expecting a fight a woman with short brown hair hair in a red power suit enters the room she's Irene Rosenfeld. The CEO of craft the multinational giant that owns bestselling European chocolate brands. Milka and Toba Laurent Rosenfeld takes a seat ignores the fresh pots of tea and coffee on the table and gets to business. Roger I have a great great idea. We Buy Cadbury car maintains his poker face rosenfels stone cold intensity is already rubbing him the wrong way. We're doing very well as an independent company. Thanks we don't need craft Rosenfeld doesn't bat an eyelid. She spent in two years prepping for this moment. And she knows cadbury won't rollover easily. I will occur your offer to you this afternoon. I'd like a response within a week. After Rosenfeld leaves car size he knows Cadbury's in for the fight of its life that afternoon Cadbury's board gathered at Goldman Sachs offices on fleet street for an emergency meeting. Car Informs the Board of Crafts offer. They're offering ten point. Two billion dollars in cash installer. I say we rejected it. undervalues kraft only wants us because there are low growth business. We don't need them. They need us. The board agrees. They're also worried that craft will gut the company just a few years ago. Craft shut down the factory of its British chocolate subsidiary. Terry's and move. Production to Eastern Europe car sends Rosenfeld a letter politely telling craft to get lost but rosenfels game this scenario she responds by going public with the takeover offer the move encourages speculators to snap up cadbury stock in hopes of making a fast buck from kraft takeover but it also alerts Hershey to crafts plan. It's October two thousand eight and in a seventeenth century. London in Hotel Suite Cadbury Chairman Rodger cars meeting with her. She's new. CEO David West. They both WanNa stop craft by bringing cadbury and Hershey together but there are about to hit a wall car sits in a red velvet armchair and lobs a question at the bespectacled Hershey boss. Can we count on the Hershey Hershey. Trust to support a merger. Well they are worried about ceding control of Hershey car frowns. I don't know what to say to that we're twice your size are. Shareholders won't accept a merger where the trust maintains majority control. If they want that you need to buy us. And I don't think you can afford that West rubs.
"hershey" Discussed on Business Wars
"On the last episode Mars tried clinging to the number one spot by focusing on its biggest brands but the plan failed and her. She pulled ahead with a barrage rush of new products but now her she faces a new threat. The Charitable Trust owns the controlling stake in Hershey. Wants to sell all the business. This is episode six global chocolate domination. Doc It's September two thousand and two in in a hotel meeting room in Valley Forge Pennsylvania. The Hershey Trust is holding an emergency board meeting. There's an era panic in the room. And that's because the court has just slapped an injunction on the trust barring it from selling Hershey to Wrigley the trust's CEO. Robert Valor sits at the head of the table. His brow furrowed and he's got dark circles under his eyes as the public face of the trust. I he's taking most of the flack from opponents of the sale. He's even had death threats. This injunction is the last thing he needs. I'll it'll be frank. None of our options are ideal. We can cancel the sale or we can spend significant time and money fighting the injunction. The board is split on where they give up on selling Hershey. They debate the options for hours. Afternoon becomes evening midnight passes and still. Oh there's no agreement eventually valor calls vote. We're going around in circles. We need a decision right. All those who want to proceed with the sale. Raise your hands. Valor counts the votes one. Two five seven anymore okay. Well who thinks we should abandon the sale. The remaining ten board members raise their hands. The sale is off. You've Hershey will remain independent but the reprieve deep comes at a cost relations between the company and the trust are are now in tatters and that means they're sure to be trouble ahead. It's November remember two thousand five before dawn in Shanghai in a small Rickety back-street warehouse surrounded by shiny new skyscrapers eager salesman or lining up for Candy as rain beats on the corrugated metal roof above them. The salesman wait their turn at the front of the line. Their supervisor hands out boxes full of dove bars. EMINEM's and snickers after collecting their boxes the salesman strapped scrapped them onto their bicycles. Don Dove Brandon Chocolate Brown jackets and pedal off ready to spend the day putting candy into stores across the city. These salesmen are the foot soldiers of Marzieh's campaign for global chocolate domination and there are hundreds just like them in every major ager Chinese city. Her she might have pushed Mars into second place in America but these days Mars is a company that thinks global will not local when Mars began exporting candy to China in nineteen eighty. It seemed an unpromising market. Chocolate was an unfamiliar. Oh you're western luxury. Air conditioned stores refrigerated trucks were unknown but Mars didn't back off instead it kept in investing enduring twenty five years of losses to stake its claim on the world's most populous nation one that was growing more prosperous and eager eager for Western treats with every passing year. Now it's Chinese. Operation is profitable the dove brand now accounts for thirty nine. Nine percent of all chocolates sold in China and China's only the star. Mars is also using the money it makes the West to advance into the Middle East Russia and beyond imminent snickers and dove now global brands. The jostle with Nestle's Kit Kat and Cadbury's dairy milk four shelf space in stores all over the world but while all the world's a stage for Mars Hershey's got stage fright after World War. Two her she shunned taking risky investments overseas preferring to maximize profits at home but now a global opportunity. Ready Beckons January. Two Thousand Seven Orlando Florida Hershey. CEO Richard Eleni enters the elevator of the Ritz Carlton and presses the button for the top floor the silver-haired Hershey boss isn't sure why he's here. All he knows is that Todd Stetzer the CEO of Cadbury Schweppes wants a one on one lenny exits the elevator and knocks on the door of Spitzer's sweet stetzer opens the door. He's wearing a suit and tie and looks every bit the Harvard trained lawyer. He is good to Richard. Please come in. The pair sits on Tan couches surrounding a mirrored coffee table. Okay Todd what's this all about. I want to talk a merger. Linney surprised Hershey. And Cadbury of long flirted with merging. But it's been at least two decades since the company's last seriously talked about joining forces combining our companies make sense. You're strong in the US. We're strong everywhere but the US you're like the missing piece piece in our jigsaw and vice versa. Also we share the same cultural values. We both believe in giving back to our communities. Sure but we're not equals equals your soft drink. Division makes you significantly bigger than us. Let's be honest you're really talking about takeover aren't you actually. We're going to sell sal the beverage division and after that's gone it'd be more a merger of equals. I'm thinking global headquarters in Hershey. You as chairman media CEO. Lenny likes the sound of that. He can't help but smile naturally need to console my board. Of course one question will the Hershey Trust. Be a problem. Linney pauses relations between him and the trust star frosty at best. But he's he's not telling stitcher that if the deals right. I'm sure they'd get on board. It's April two thousand seven and Hershey. Trust CEO Robert Valor flicks through the business section of his newspaper in his office in Hershey he spots a story about cadbury very selling. Its beverages arm and endorsing a merger with Hershey puzzled. Valor picks up the phone calls. Lenny Richard Richard. I've got a newspaper in front of me in it cadbury's Todd Spitzer talking about merging with her. She any idea what that's about. He proposed it to me back in January. We're going to explore it more. After they sell their drinks business January. That's four months ago. Why the hell wasn't I informed? I notified the company's board at its January meeting eating. It's not my fault if your representative on our board didn't tell you I'm the CEO of your biggest shareholder. You should tell me directly. No that's your representatives job. I worked for the Hershey Foods Corporation. Not The trust Valor slams down the phone seething and he decides that. If there's a deal to be done with cadbury the trust will be the one making it. It's September two thousand seven and in a luxury Manhattan hotel. The Hershey Trust is holding talks with Cadbury. And Lenny's not not invited. Valor starts by pressing the Cadbury Team for information. We want more detail on how you think. The merger will affect the town of Hershey Eighty. Cadbury's lead negotiator Leans back in his chair. Actually we're cooling somewhat on this merger what why the credit credit crisis. It's making it harder to sell beverages unit. Also Hershey's latest results there disappointing so we no no longer think it's the right time to merge valor leaves the meeting empty-handed and fuming he knows Cadbury's Hanbury's right Hershey is under performing sales are down stock. Prices plunged nearly thirty percent in two years leaving the trust a billion dollars worse off.
"hershey" Discussed on Business Wars
"Business wars is brought to you by the capital one walmart rewards card earn five percent back at Walmart online to percents Walmart in-store restaurants and travel and one percent everywhere else when you want all that you need the capital one Walmart rewards card. What's in your wallet? Terms in exclusions apply it's July I two thousand and two and in the friendly's restaurant in Hershey Pennsylvania Richard Zimmermann pushes his burger and fries away from sorry but I'm in no mood uh eat the retired Hershey. CEO looks across the table at his. Old Friend. Bruce mckinney the former boss of the towns theme park the to meet regularly ready to shoot the breeze but today they're mood is downright sour. And that's because this morning. The Wall Street Journal revealed that the Hershey Foods Corporation is up for sale mckinney looks at Zimmerman with a hangdog expression. I just don't get why the trust would sell. Why would they do? This is to the town and the company. The Trust McGinnis talking about is the Hershey Trust Company and manages the five billion dollar endowment Milton Hershey. He left his school for orphans and underprivileged kits. The trust keeps most of the money. Invested in Hershey Foods Corporation shares giving it the controlling interest in the chocolate giant. They're spooked bruce after Enron and the DOT COM crash. The trust thinks it's dangerous to keep all its money. Invested in one company mckinney grimaces. But they're not short on cash. The schools only got a thousand students. When I served on the trust's board we spent most of our time trying to think think of new ways to spend millions on the school her? She's hardly been a bad investment for them. Yeah I guess. They feel they've got to maximize returns for the school. But you know what really worries me is the buyer. I mean what happens if the new owner relocates the headquarters or shut the factory without the company. This town is finished. It's a trail Richard a total and utter betrayal. This will rip apart Milton's legacy but you know what what can we do. Zimmerman leans closer. We fight Bruce. That's what we do. We might be retired but we still got influence in this town. Let's use it. Let's get people protesting even if we fail on. Well at least we tried. Yeah Yeah you're right. This is no time to be your bystander. In the days that follow the pair. Spur the town into action residents put up. Don't shut down chocolate down. SIGNS SIGNS ON THEIR FRONT LAWNS COMPANY EXECUTIVES UNION REPS local businessmen and politicians hold rallies and speak out against the sale journalists. Bring the town's fight to national attention. Hundreds of residents marched down Chocolate Avenue waving placards and Pennsylvania's attorney general filed a court petition designed assigned to stop Hershey from being sold without judges approval. But the trust won't back down and buyers or lining up nestle sleet and Cadbury Schweppes unite to offer ten billion dollars for her she then chewing gum giant Wrigley jumps in with a twelve point. Five Billion Ryan dollar bid. Hershey's days of independence seemed numbered. The protests have failed only. The courts can save Hershey from from takeover. Now Business Wars is sponsored by fastly fast lease in edge cloud platform that powers. Today's best brand so their websites and APPS are faster safer and way more scalable. That's not an easy thing to pull off. Because behind the scenes businesses have have to handle millions of visitors update inventory or the latest news instant and ward off the mini scary security threats of the Internet so whether you need to stream live live. Events handled black Friday traffic or simply provide a safer reliable experience. fastly can help see how fast we can help your teams at at fastly dot com slash B W that's F. A. S. T. L. Y. dot com slash. Bw from wandering. I'm David Brown and this is business wars.
"hershey" Discussed on Business Wars
"By the late one thousand nine hundred ninety. Hershey's Ford Model. T is fast becoming a sleek Rolls Royce. That's closing in on Mars. And then in one thousand nine hundred eighty seven her. She hits the gas pedal by buying the US candy operation of Britain's Cadbury Schweppes the three hundred million dollar dollar deal gives her. She control brands. Like mounds. In York. peppermint Patty's as well as the right to make cadbury cream eggs in America overnight. Hershey leapfrogs Mars after fourteen years in the number two spot her she's back on top and a full seven points ahead of March in market share but while Mars is feeling bitter. Now before long Hershey's lead will start to melt business. Wars is sponsored by net sweet thousands of the best known brands and fastest growing companies use net suite to manage their business. And now it's available to you. Net Suite by Oracle is the business management software. That handles every aspect of your business in an easy to use cloud platform giving you the visibility and control you need to grow. Visibility and control are invaluable. especially if you're like a lot of growing businesses and you're using a hodgepodge of systems that don't function seamlessly. You know how it goes one system for accounting and other for sales and another one for inventory Tori. It's an inefficient mess. And it hurts the bottom line with net. Sweet you save time you save money and you save unneeded headaches by managing edging sales finance accounting orders. HR instantly right from your desktop per phone. That's why net sweet is the world's number one cloud business system and right now net suite is offering you valuable insights with free guide seven key strategies to grow your profits at net sweet dot com slash wars. That's nets wheat dot com slash wars to download your free guide seven key strategies to grow your prophets net sweet dot dot com slash. Wars here at business wars. We make shows that we hope entertain you but we'd love it. If you learn something to opening opening myself up to learning more about the world is one of the reasons that I listened to my favorite podcasts and it's also why I love reading the Economist. The Economist is a weekly magazine guessing that offers inside an opinion on international and US News Politics Business Finance Science Technology Arts and the environment it helps readers like you and me make a little more sense of what's going on in the world around us and it's been doing that for over one hundred and seventy years. I started reading the Economist Twenty five years ago when and I noticed it had a sense of humor and breadth of subject matter in depth of coverage that no one else had and no one else has today. Where else can you find in one place? Smart thoroughly really researched and compellingly written stories about say why Russia is ambivalent about climate change. How the late Rick Cassidy took new? Wave music mainstream and a law. Aw banning extra marital sex. You may not have heard about that last one unless you've been reading the Economist look. The Economist is the smart guide to the forces. Changing our world. And right now you can get a free copy for your free print copy of the economists text business wars all one word to nine nine zero zero zero again. That's a free print copy of the economist. And all you have to do is text business worse. All one word to nine nine zero zero zero in November nineteen eighty-eight. Mars headquarters McLean Virginia. John Mars sits at his desk with the man. He hopes will take his company back to the top. That man is Alpo. He's a tall thirty two year old marketing executive and he spent the past few years helping helping turnaround Marzieh's pet food business. Now John Hope's poke can take his kibble knowledge and throw a bone to its candy. Line regaining regaining market leadership in candy is the priority Al.. Now how would you do. It already has a plan. It's the same one. He used a boost. Interest in the company's is pet food new products. I think John Brown's new products are a good way to lose money the new products. I'm thinking of will we. Line extensions will apply our established brands to new products to give them instant consumer recognition new varieties of EMINEM's snickers or or solid chocolate bars bearing the dove ice cream brand. You know things like that. Won't these just cannibalize sales of our big brands. Sure that's a risk but line extensions. I engines increased interest in pedigree whiskas and attracted new customers now. I see no reason why that won't work for candy to if people get excited lead by new varieties of pet food. It seems obvious they'd get excited by new varieties of their favorite candy to we should also launch new products that directly challenged her. So she's most popular items that way. We can limit their gains. John still worried about the risk. But Po sales pitch has convinced him. He stands up and extends his hand. Welcome to the Candy Division. Al You start tomorrow as head of marketing over the next three years doc. PO TAKES MARS ON THE OFFENSIVE COMPANY Launches New Twists on its biggest brands snickers with almonds dark chocolate milky way peanut butter eminem's they also introduced dove bars to lure people away from Hershey's milk chocolate bars some moves fail. Po brings out a chocolate covered. Coconut Bar called bounty to challenge her. She's mounds but bounty fails to replicate its European success in the US ask bumps aside. Mars steadily erodes Hershey's leave and by nineteen ninety one. The two rivals are neck-and-neck neck again. Feeling the Heat Hershey fires back with its own line extensions soon. The chocolate war descends into trench warfare. Mars Mars launches a reduced Calorie milkyway Hershey counters with a diet bar of its own Hershey introduces kisses with almonds Mars. Perry's with almond EMINEM's and its own answered kisses many chocolate squares called dub promises but slowly. Hershey gains the upper hand. Dan thanks to its focus on new product development. I it's scores big by moving in on the underexploited demand for white chocolate with cookies in cream and Hershey's hugs. It's the same and it's different. It's new Hershey's hugs. Hugs are mini. Hershey's kisses hug my white chocolate. Her she has also I to spot the big bucks to be made from selling seasonal bags of candies at Halloween Christmas and Easter with its is marketing muscle. Hershey crushes the specialty candy makers who once dominated the holidays. Earning tens of millions in the process. Meanwhile Mars is is finding its blockbusters aren't delivering like they used to reese's peanut. Butter cups are now threatening. Snickers position as America's top selling candy and and even worse Eminem's are in serious trouble M. and M.'s have become so every day that people are forgetting about them. Mars ars tries reviving interest by replacing Tan. EMINEM's with blue ones. But it's not enough so the company asks New York Ad Agency. BBDO CEO for help. It's nine hundred ninety. Five and a Mars team is in the conference room. BBDO's Madison Avenue Offices BBDO creative director. Susan cradle leads the pitch. What eminem's currently lacks is personality away to stand out? Our your proposal is that we turn the EMINEM animated characters into a comedic ensemble. Each eminem color will have its own personality. Cradle clicks a button on the laptop rigged up to the rooms projector a lineup of computer generated. EMINEM's characters appears on the screen. We think of them like like a gang of court jesters read will be sarcastic backstabber. Yellow dimwitted peanut green will be the sultry when White Gogo boots. Blue is the cool one. The Mars executives approved the plan and the refreshed eminem spokes candies make their debut during the nineteen ninety-six. Six Super Bowl kissed your friendly neighborhood. Eminem the same EMINEM's come in the bank ones one that I'm really glad you came by was because I'm all out of use. Peanut is I hear is delicious in writing the new EMINEM's characters shake off the brand stale image and sales start climbing again after years of decline. But it's too little too late by summer. Nineteen ninety nine. Hershey's far ahead of Mars America's nine billion dollar a year Candy Market Uh. Hershey boasts a twenty seven percent share while Mars trails with seventeen percent. But now that her she secured dominance in America. There's a new threat. The companies controlling shareholder is still the orphan school founded by Milton Hershey. And it's thinking that now might be a good time to cash in. It's chips by selling off America's top chocolate maker on the next episode. Her she goes on the block Mars allies with Warren Buffett and Hershey and craft compete for Cadbury's hand in marriage from one day. This is business wars. Hey if you like this episode we invite you to subscribe arrive on Apple podcast. Google podcast spotify Stitcher iheartradio or wherever you listen to podcasts. You'll find a link the episode notes just tap or Swipe over the cover. You'll also see some offers from our sponsors. We hope you'll support our show by supporting them. If you like what you've been listening to it would be awesome if you could give us a five star rating and tell your friends. Subscribe another way to support is by answering a short survey at one dot com slash survey. And tell us what business stories you'd like to hear a quick note about the conversations conversations in this episode. We can't know exactly what was said but this dialogue is based on our best research. I'm your host David Brown Christon Donovan Ruth. This story Karen Low is our senior producer and editor emily. Frost edited the story our editor and producer as Jenny. Lower Beckmann. Sound designed by Kyle. Randall for Bay area sound our executive producer is Marshall Marshall loopy created by or non Lopez were wondering..
"hershey" Discussed on Business Wars
"On the last episode. Her she tried. TV advertising for the first time in a desperate attempt to stop Marzieh's advance but after President Nixon imposed price controls her. She stopped advertising and Mars. Ars became America's top confectioner in one thousand nine hundred seventy four victorious at last forrest. Mars leaves on a high by handing over the company due to his sons forest junior and John now the Mars brothers want to ensure her she never regained. Its lost crown. This is episode five Chocolate Rolls Royce. It's nineteen seventy seven and Jack Jack Dowd rushes into the test kitchen inside. Hershey Pennsylvania headquarters doubt is the head of new products in five minutes ago. He got a call from the kitchen. A A call. He's waited months for he makes a beeline for the head chef. So you think you got it. This time. I do take a seat. I'll get the sample badge dowd. hops onto a stool by the kitchen island. The head chef brings over a bowl filled with small yellow orange and Brown. Candy's here you are recent pieces. Doubt in his team dreamed up the idea of months ago he wanted a product to directly challenge challenge. EMINEM's he knows consumers can't resist the salty sweet combination of chocolate and peanut butter and reese's peanut butter cups. So what did he shrunk them. added a little crunch little candy coated spheres that you can down by the handful like Eminem but with a secret weapon inside smooth peanut ED butter for months. Kitchens try different recipes without success. The oil and peanut butter kept turning the candy shells soggy. It seemed like an an impossible challenge but now now they think they cracked down grabs a yellow candy from the bowl. POPs it in his mouth invites the shell cracks. He tastes creamy milk. Chocolate and then the taste of peanut butter spreads over his tong like a wave. It's just as he imagined. After trying a few more he turns to the head chef. These are great. What's the secret secret new peanut butter recipe? Actually we gave up on peanut butter. We used Panucci instead basically peanut butter flavored fudge same consistency taste but not exactly peanut butter. Dowd shovels a handful of reese's pieces into his mouth. I don't care because the the these these are fantastic armed with this breakthrough. Hershey readies itself to launch reese's pieces. It runs tests in select markets and the response is great consumer go nuts for these new treats by Nineteen seventy-nine Reece's pieces is are ready to go national but before they do a new report from the test. Markets Lands on Dow Desk. He Scans it and immediately racist to the Office of Hershey. CEO Bill Dourdan Bill. You gotta read this. What is it? The latest sales figures from the reese's pieces test market market. dearden scans the report. It's bad news. Reese's pieces launched with a bang but now the novelty is wearing often. People are drifting acting back to EMINEM's dearden looks at dowd face full of concern. Should we cancel the national rollout. No no no. I don't think so. The declines not critical. Just disappointing with the right ads. I'm sure we can turn it around. The launch is still a go but the omens are bad reece's pieces just aren't the EMINEM's killer they'd hoped for not the dowd got time to Fred. Hershey's Comeback Strategy rests on his team bringing three new products to market every year. So as reese's pieces head to the stores ores. He focuses on rolling out other candies to nibble away at Mars. Market share her she launches a chocolate covered. Toffee bar called. Score combines chocolate caramel and peanut flavored rice krispies to create a confection. It dubs watching Mukalla and it wraps pretzels. Those with peanut butter caramel and peanut chunks milk chocolate to create Guli and crunchy. Take Five RS together with Reese's pieces these new suites. This turned the tide. After years of decline. Hershey's slowly clawing back lost market. Share but Hershey's efforts to regain gain momentum haven't gone unnoticed. It's early nineteen eighty and John Mars pulls his aging jeep into the lot of a bland. Three Story Oriole office in McLean Virginia. This is Mars headquarters and it's ass understated as the company's Co President John Mars is one of America's richest men. But you'd never know it to look at him. The forty four year old whereas scuffed shoes dorky glasses and a pocket protector. His polyester polyester suit. Look straight out of macy's discount section years. The offers through the back door punches the time card and heads for the meeting room on the second floor on the way he passes black metal desks with copies of the company. Bible the Five Principles of Mars and an actual butcher's block. It's there to remind employees. They could get shot next. If they don't live up to expectations. John Enters the glass walled meeting room. The team team. That's about to present to him is already there. John sits in an uncomfortable plastic chair. So you have a plan to stop her. She's recent gained and the team. Leader nods our plan is a two pronged attack. That will make her. She products look like bad value now. Our Intelligence Unit predicts that Ko Keio prices will fall in the near term. We want to use the savings to make our candy bars. Ten to twenty percent bigger without raising prices. John folds his is arms. What's that supposed to achieve? It'll create a dilemma for her. She while increasing our sales you see their biggest products are solid chocolate. And if they try to copy our our size increase in destroy their profits but if they don't follow sued will their bars will seem like bad value. You get it. What about our profit margins? What happens when ingredient cost rise again after the sales boost from the larger bars? We'll just raise prices by nickel. We predict her. She won't follow. Oh that either. John Slams his fist on the table. He's inherited his father's explosive temper. You want to let Hershey undercut us. That's your you're brilliant plan. The team leader doesn't flinch employees who can't hold their own. Don't last long at Mars if we raise our wholesale price major retailers will raise the retail price of all candy bars. It's easier for people. Working the tills the result is Hershey. Bars will look small and expensive compared to ours hours. John Leans back and smiles. Okay let's do it within weeks pumped up snickers milky ways or arriving in stores heralded by full page newspaper ADS as predicted her. She refuses to follow lawsuit. Sales of Mars products leapt by as much as two hundred fifty percent. Hershey steady advance sputters to a halt halt. A few months later Mars quietly increases its prices and as expected big stores respond by raising the price of all candy bars. Mars gets another sales boost as consumer starts snubbing hershey bars for being fin overpriced per she finds finds itself forced to increase its prices and bar sizes just to stop Mars peeling off anymore customers but then Mars gives gives her she a golden opportunity. It's October nineteen eighty-one and in Hershey Pennsylvania headquarters a member of the new products. Team is on a call with Universal Studios. He listened says the movie studios rap explains why she's called. We're filming a new movie movie. It's about an alien that befriends a boy. It's called E. T. E. T.. Extra terrestrial right so We we fit it in the script calls for the boy to Lure E. T. into his house with eminem's but Mars rejected the opportunity. So we WANNA use reese's pieces. You interested the Hershey Man. Most definitely is sales of reese's pieces are fading. The company's willing to try PRII anything to revive them. The following week jacked out in the new products team. Head to the Office of Earl Spangler Spangler is the head of Hershey's chocolate division. But he's not keen on paying universal a million dollars just to feature reese's pieces in E. T. aren't the public sick of sky Wars and all that jazz yet earl. This is a Steven Spielberg movie. You know the guy who did jaws and raiders of the lost Ark. spangler moved so a team. Member were racist back to their floor and returns with a life size cardboard cutout of et that universal set them but spangler face drops at the sight of the wrinkly alien. What is that thing it's disgusting? Get the hell out of my office. We're not doing this movie. The next day the team returned to spangles office and beg bag to reconsider eventually their refusal to let the matter drop wears him down. He agrees to let the team put. Reese's is pieces in E. T. provided they foot the bill from their existing budget. It's June one thousand. Nine hundred eighty two and the movie theater in Hershey. Pennsylvania is holding an early showing of ET. spangler endowed. Sit in the Middle Ro munching racist pieces. Hershey's bet big on E. T. The companies spending millions on E. T. theme promotions. And now they're about about to see if the film justifies the hype as the credits rolled in the likes. The audience stands and applauds Dowd turns to Spanky Spangler is is a red with tears still think. Et's ugly earl spangler. Bangla blows his nose. No no he's beautiful. The bottom line is beautiful to sales of Reese's uses pieces triple and orders from stores flood in rumors circulate that the enraged Mars brothers fired the team that missed the chance to put 'EM MCI at et is in Martha's only error while her. She grabs market share with new candies. The Mars brothers are doubling down on their winners. They only care about blockbuster products snickers deliver more than one hundred million dollars a year in sales they even stopped making being profitable candies that fall short of this sky high target and his Mars vacates the Middle Tier of the market. Hershey fills the gap. Uh.
"hershey" Discussed on Business Wars
"It's April nineteen seventy six and in a resort hotel nestled in Pennsylvania's Pocono mountains Hershey's top executives facing the biggest challenge yet in the company's history two and a half years ago. Mars ousted her. She is America's Candy King. The victory was no fluke. Mars relentlessly focused on conquering the market and outmaneuvered the insular and tradition-bound Hershey now Hershey's new. CEO Bill Dearden wants to turn the tables. The fifty-three-year-old CEO stands before his team in a room overlooking a tranquil lake. He he owes everything to Hershey when he lost his mother at thirteen his future looked bleak but then he got a place at Hershey's school for orphans and now he wants to repay the Hershey Chocolate Company by leading it back to glory. He scrawls the word strategy strategy on a flip chart a strategy. That's what we've always lack and it's what we need now. I'm not expecting a change to happen overnight. What we're doing here is building a Ford Model? T AFFORD Model T.. That will one day. Become a Rolls Royce over the next few hours dearden the team hammer out a comeback plan. They'll restart advertising after a five year hiatus bell identify companies to Oh by they'll develop new candy bars and they will become number one again the strategies bag or for for the first time since World War Two her she knows where it's heading the executives. No it won't be easy. Mars is a ruthless aggressive and powerful powerful rival. That will stop at nothing to beat them. Victory is far from certain and failure a distinct possibility but the team also so knows that they've got something. Mars doesn't a reason to fight. That goes deeper than the pursuit of profit. They're fighting for more award than the bottom line. They're fighting for the town. Their families and friends call home. They're fighting orphans. Whose lives will be transformed by the Prophets Tropics? They make their fighting for Milton. Hershey's believe that business must improve society. Not just lying pockets and to fail to put all of that at risk whether your reaction in his woohoo excellent or Ikea Rumba. This is definitely some exciting news. The Simpsons are coming to Disney's brand new streaming service US Disney plus. The Simpsons is the longest running primetime scripted television series in history. It's one thirty four emmys including outstanding animated program. I'm in twenty nineteen. The series has become part of television history and this is the first time the first thirty seasons will be available to stream completely commercial free. That's six hundred sixty two episodes of the simpsons commercial. Free WanNA relive the nineties and head back home Palooza. Well Disney plus has that episode. Want to watch the episode marge versus the monorail. They have that to all. These iconic moments will be available on Disney plus starting November twelfth. So get excited because the simpsons and so much more will be streaming on Disney plus beginning November twelfth in the US. From wondering. I'm David Brown. And this is business. Wars.
"hershey" Discussed on Business Wars
"Muller rises. This is from his chair clapping. These are excellent in early. Nineteen seventy the ads hit the air sales of Hershey bars. ARS JUMP thirty percent. But it's the reese's peanut butter cups ad that surprises everyone. Sales don't rise. They explode load peanut Butter Cup sales soar three hundred percent in a matter of weeks. The once little known reese's is suddenly on the the fast track to national success shortly after her. She's I kit Kat. ADS Air and turn the British bar into a National Donald Bestseller. Look what I've got to get to what to Kit Kat chocolate bars one for me and one for are you sure outside. It's delicious chocolate inside it's light and crispy crunchy come on. It won't bite you. It feels like a turning point after years of decline Hershey's back but then Washington throws a curve ball in August nineteen seventy-one President Richard. Nixon declares war on inflation By freezing all prices and wages. It's a nightmare for her. She Cacao Bean. Prices are rising fast and now the company. Johnny can't raise prices to protect its profits but Mars is in a better position. It's bars are mainly new gutter cookie so it Uses less chocolate shortly after Nixon's announcement Muller Calls Hershey's marketing team to his office to deliver shocking news. We cannot suffer a loss. That's like taking money out of orphans. Mouths Muller's not kidding. Most of her she stock is still owned by the orphan. School Milton Hershey founded in nineteen O nine. If her she doesn't deliver prophets the school misses out on millions. In dividends Mahler. Lets the message sink in and continues. So I'm ending all unnecessary expenditure. That means no more more ads except for Kit Kat. Because that's a contractual obligation marketing manager. Jack leaps to his feet. You can't do that. We're making breakthroughs. WHO's this will kill our memento but Mahler's not budging? It's a week later and in. Mars headquarters McLean Virginia. Ah Forrest Mars has gathered his top executives together. Hershey's stopped advertising. This is our chance I want it all all out attack. GimMe the biggest ad push we've ever done get our products and the best spots in every store. I don't care about the cost. Do whatever it takes. Give them no quarter motivated by potential bonuses worth up to a third of their annual salary Lori Marz executives launch blitzkrieg. TV ADS for Morris. Candy bars fill the airwaves. Marseils people fan out across the nation nation armed with in store display materials knowing that seventy percent of candy bars are bought on impulse. They pushed stores into putting Mars products near your cash registers. They also resort to underhand tactics. They win over store managers with Free Boxes of candy for their kids. They sneakily relocate. Reese's peanut butter cups to remote corners of supermarkets and accidentally knock hershey bars off the shelves and the cost is huge but Mars is a private company with no debt and deep pockets. There are no stockholders upholders bleeding about quarterly results and there aren't any bankers poking their noses into the finances either as far as forests concerned any losses now or an investment his candy empires long term future with no ads or sales push from Hershey to stop its advance. It's Mars steamrolls over its rival and in fall nineteen seventy-three Mars shoves Hershey audits pitch thrown after seventy years on top her. She's no longer America's leading candy maker for Forest Orest. It's a victory that's been fifty years in the making but that doesn't make it any less sweet. Mars usually ignores the media but not this this time it makes dam sure. The newspapers know that Mars Not Hershey is the new candy King. Hershey his crumbling fast. In Time's running out for it to fight back on the next episode Mars Battles Hershey on size and price. Hollywood offers Hershey a helping hand and MLM's gets a report from. I'm wondering this is business wars. Here's some exciting news to share with everyone on Monday. One to relaunch business wars globally. That means you can. Now listen to business worse. I in French German Spanish and Brazilian Portuguese. There are links to each language in the episode description. If you like this episode please subscribe on Iheartradio Stitcher. Google podcasts spotify apple podcasts or wherever you listen to podcasts. You'll find a link on the episode notes if he tapper Swipe of the cover art we'll see offers from our sponsors. We invite you to support our show by supporting them. If you like what you've heard it would be great if you give us a five star rating until your friends had subscribed another way to support us is by answering short survey at wondering dot com slash survey and tell us what business stories. You'd like to hear.
"hershey" Discussed on Business Wars
"It's spring nineteen sixty three and in Pennsylvania Hershey's chief lawyer steps into the Office of CEO Samuel Henkel Moss I've just gotten a tip the the reese candy companies looking to sell British American Tobacco hinkle shock and he should be Hershey Enrico way back Harry cerise worked for her she before founding company Nineteen twenty-three Reese's peanut butter cups factories just a few blocks away and it uses Hershey Chocolate Hershey even help survived the depression and World War Two what why haven't come to us we should be first on their list they WANNA sell no matter give me a meeting with them right away the next day Kinkel meets reece's manager George mcleese at the offices offer George where it here's Reza's up for sale mcleese nods it is the reese family feels the business has gotten too big for them to handle so they're looking for a buyer you interested Kinkel most definitely is Reece's only product reese's peanut butter cups are almost unknown outside the mid Atlantic states but he thinks they've got untapped potential there already outselling Hershey's almond bars in some parts of Pennsylvania and who knows how much better reese's peanut butter cups could could do if they were so coast to coast there's another reason to thanks to Mars chocolate coated candies like snickers and Milky Way are the fastest growing growing segment and the candy business buying reese would get her she into that category and allow it to challenge Mars head on Pinkel clasps his hands together I am interested very interested I also think you'll be better off with us than with British American Tobacco I mean we got similar values we already worked together and you already use our chocolate so tell me what's it GonNa take to get the family to sell to us mcleese leans back into and was chair I hear you but what the family wants is a good price that's the bottom line what's your offer at twenty three million dollars mcclay smiles that's more than the reese's expected that's a fair offer let me talk to the family the family says yes for hinkle buying reese is a relief her she hasn't created a breakout candy since the war but now now it's got a product that can help counter rivals like Mars and EMINEM's but Henkel's not the only man making deals it's nineteen sixty four and forrest Mars is visiting his half sister Patricia at her large home in La Hoya California they may share share the same father but they couldn't be more different while forest is aw Business Patricia prefers spending the big dividends she gets from her stake can Mars or at least she did until she got brain cancer now she just wants to secure her children's future before she dies is Patricia knows forest hasn't come to see her out of concern she knows him better than that he's been after her forty one percents stake in Mars ever since he returned to the US in one thousand nine hundred forty let me guess you on my stock yes but listen Mars is in trouble sales have dropped from fifty to forty one million in four years the company's cutting back on quality and that's the fastest just way to kill a business you've seen a snickers recently it's a joke.
"hershey" Discussed on Business Wars
"It's a hot summer day in one thousand nine hundred forty and Hershey Pennsylvania a tour guides just shown a group of tourists around the towns famous chocolate factory thank all of you for coming I really hope you enjoyed your cells have a wonderful day now as the rest of the group heads for the gift shop one man approaches the guide with what seems like a complaint aw I want to see the general manager of the company is there a problem Sir I imagine Mr Murray will be busy just tell him forrest Mars Mars year half an hour later forest is in William Murray's office inside the window is headquarters of the Hershey chocolate company Murray's never ever met forest but he certainly knows about him and is eager to finally talk with forest inherited a third of the Mars Company when his father died in nineteen thirty four and every year the snickers manufacturer buys huge amounts of Hershey's chocolate pleasure to meet you forrest may I say how sorry I was is when your father passed away I must have missed you at the funeral I wasn't there tell me what your son Bruce do now bruce it is an investment banker on Wall Street what a waste any fool can add and subtract he'll learn nothing they're real businesses about product Surrey's not sure what to say to that and before he can reply for his pulls a scrunched up handkerchief from his pocket and opens it to reveal a bunch of small small candies they look like tiny rainbow colored pebbles.
"hershey" Discussed on Business Wars
"On the last episode Milton Hershey introduced milk chocolate to America built the town of Hershey and donated his riches to a school for orphans but now it's the nineteen twenties and a new candy empire is about to reach for the stars so this is episode to blast off it's nineteen twenty gate and frank. Mars is at the headquarters of America's top chocolate maker Hershey he's come to Pennsylvania to make a deal L. His company's future depends on frank's been doing well since creating milkyway sales are growing he's changed the company name from Mara Bar to Mars but now this fortysomething candy man's betting the House on Milky Way he spending half a million dollars building an ultra the modern factory in Chicago he hopes the investment will send Milky Way sales sky high but for the plant work he needs help from her she's general manager William Murray Murrieta tall broad shouldered executive with snow white hair and he's the business braun to Milton Hershey's business brain while her she delivers the Vision Murray manages the day to day operations that turn ideas into profit Murray welcomes frank with a hearty slap on the back before sitting down behind his huge desk so Mr Mars how can I be of service Frank Tells Murray about his new plan my new factory will increase production five maybe six fold and that means I need chocolate had plenty of it Murray hands her she already sells chocolate coating confectioners who lack the know-how our money to do it themselves her she only regards companies that make solid lead bars as rivals everyone else is a potential customer okay what quantities do you have in mind millions of pounds a month breath Murray almost falls off his chair it's enough to double the size of Hershey's chocolate supply business but Franks not finished but I need the chocolate on credit all my money tied up in building the new plant Murray's baseball's Franks gone bust so many times every plyer in the business demands he pay cash upfront what is it you're making again frank opens his briefcase in hand Murray Milky away Murray pulls back the Beige paper wrapper and takes a bite the sweet hit of Fluffy Nougat sticky caramel and milk chocolate explodes on his tongue wow that's a fine candy bar Mr Mars and I reckon it will sell yeah you've got your ah the to smile and shake hands they're both looking forward to a long and profitable alliance it's nineteen twenty nine and the Chicago suburb of Oak Park the new Mars factory is up and running from the outside this Spanish Colonial building with its stained glass windows manicured lawn looks like a country club but inside it state of the art industry the Interior is light airy and temperature controlled the production lines are equipped with the latest technology that smothers new geting chocolate and automated machines that can wrap more than two thousand milky ways in our and thanks to frank obsession with cleanliness the place is spotless every surface shines but there's one feature the factory workers could do without Frank's son forrest Mars officially forest job is to buy egg sugar and other supplies but he swaggers about as if Mars is his company today he's prowling around the caramel machines as bars of Nougat on their way to becoming milky ways rattled past he scans the conveyor belt like a hawk searching for the slightest imperfection suddenly he snatches a misshapen bar from the belt and flings it at the worker charged with catching defects the Sticky Barb Nougat splat against the back of the workers head wok that the worker turns to see forest marching towards him face red eyes narrowed you imbecile post spot mistakes not be the mistake I should fire you shortly after Frank Summons his son to his office forest I need you to control your temper. Uc a problem tell me I'll handle it you stick with what I hired to do forest responds by chain being the subject you know I've been thinking we need to get into Canada before the British companies like Cadbury and roundtree get embedded there that's not the topic but listen I've only just built this plan okay candidate can wait no you need to keep pushing keep building that's how you win Dan Frank size his sons attitude grates on him but what can he do he can't fire him he already feels not enough about abandoning forest kid but while Mars is using its new plant to join the majors Milton Hershey's thinking even bigger it's a hot summer night in nineteen twenty nine and the seventy one year old chocolate magnet is sitting on the porch of his top mansion in Hershey Pennsylvania with him is Wall Street banker Stanley Russell Nursing a Scotch and soda as the pair stairs the stars Russell gets business he wants her she to join what he believes will be the greatest achievement of his career a mega merger of Hershey craft hines and Colgate palmolive missed a hershey the Hershey chocolate company would be very hard of the conglomerate i WanNa create and with your support I believe the other companies will sign up her she sips his drink he's been weighing Russell's proposal for months it'll cost his chocolate empire its independence but well but the rewards could be huge her she will become the basis of one of America's biggest companies he also believes the money he's given his school for orphans will be safer in a business that makes more than just chocolate hey Mr Russell I'm game what's next rustled smiles him and his bank GonNa make tens of millions from this deal well Sir I pay you for a six month option to execute the deal that she give me time to get the other companies on board in the months that followed Russell racist to sign up companies to join the conglomerate but just weeks away from sealing the deal disaster strikes on October Twenty Fourth Nineteen twenty nine the stock market crashes the economy goes into meltdown banks start going bust thousands of companies go under millions find themselves out of work and Russell's bid to absorb Hershey into a multimillion dollar conglomerate it is toast but her she isn't bothered he's more worried about what the Great Depression will do to his chocolate town is the economic fallout worsens he decides he has to do something to defended he bars the company from laying off workers cutting wages worker tailing production to stoke the economy of the town of Hershey he orders a massive construction program to build a sports arena a luxury hotel L. and a state of the art office block even as his company's revenues plunge chocolate tycoon holds the line shielding his down from the worst ravages of the Great Depression but Milton Hershey is not alone in weathering the economic storm Frank Mars is also bucking the trend. Franks discovering that Milky Way is a depression proof product it's Chunky size people think h five cent bars better value than thin bar of chocolate even though it's mainly cheap Nougat Franks company Mars is also during big with two new products in nineteen thirty frank creates a Nougat bar topped with Caramel and peanuts he calls it snickers after one of his horses and when he starts coating it with chocolate in nineteen thirty two sales skyrocket that same year he launches three musketeers and after some tinkering turns it into Caramel free version of the Milky Way the resilient sales new products plenty of advertising turns Mars into America's number two candy bar maker after Hershey not that her she feels threatened after all Mars is a valued customer it by is all of its candy bars chocolate coating from Hershey Marzieh's success is Hershey's success to and with the big bucks rolling in frank gets to splashes cash on horses ranches airplanes and luxury cars it all be great if it wasn't for me on persistent problem his twenty eight year old son forest it's fall nineteen thirty two and forests just barged into his father's office in Chicago he doesn't ask if it's a good time he just sits down and makes a demand I want a third of the company sorry I want a third of the business I deserve it given all I've done here frank snaps he's put up with forests arrogance and outbursts for long enough that's not happening in fact this company isn't big enough for both of US hell I'm not even sure this country is big enough I want you gone forest fields rage boiling up within him the way he sees it his dad is casting him aside yet again I'm fine you can take your Damn Company and stick it up your ass frank ignores the insult forest here's my offer I'll give you fifty thousand dollars and the rights to Mars products in Europe aright go there start your business stay out of my way deal deal it's a week later in forrest Mars stands on the deck of a steamer heading to Europe as the Statue of Liberty Disappears over the horizon he starts thinking about his new business about how he's going to build an empire that door works Mars and how once he's done it he's going to come back and rub it in everyone's face.
"hershey" Discussed on Business Wars
"The clock to ship the Caramel to London on time and then he awaits but as the days pass doubts creep into his mind what if the importer was a con man what if he did the cardinals in doesn't pay then one morning. The mailman delivers a letter from England her she tears it open inside is the check he's been waiting for her she leaps into the air yes he dances around the fact drian delight before racing out the door he runs toward the bank ready to cash the check in clear is back he's halfway there before he realizes he's still wearing his caramel smudged apron after that there's no stopping Hershey the expanse is product range he makes square circular and bean shaped Karimov's he sells expensive whole milk caramel that cost a dollar box and sheep skim milk caramel that said for ten penny he flavors Caramel with cocoa powder and almond and creates black caramel colored. With soot he distributes his confections across the country exports them as far away as Japan and Australia he builds factories in Pennsylvania in Illinois within five years he's employing more than seven hundred workers by the early eighteen ninety s Hershey is one of the richest men in Pennsylvania and the biggest caramel manufacturer in America it's 1893 and Hershey and his cousin visiting the spectacular Chicago world's fair there in the machinery hall checking out the steam engines that power the entire fare along with the latest locomotives within her she notices something something unexpected a sweet fragrance cutting through the stench of oil that dominates the hall a Ridge serfaty exotic sent with just a hint of fruity nece it's chocolate her she follows his nose to the source a fully functioning chocolate bar production line set up by a German equipment manufacturer people have been drinking chocolate for trees but chocolate you can eat is still a novelty the first chocolate bar debuted in England in eighteen forty seven but they remain in expense select Sherie rarely seen outside Europe Hershey is awestruck he watches as the workers turn raw cacao beans into walks dark chocolate cocoa beans are loaded in roasting ovens before being cooled and hauled then bare ground and pressed into a gritty pain It's poured into a giant seashell shaped mixer inside the mixer marble rovers need the pace for hours massaging it into smooth brown liquid chocolate after adding sugar vanilla and fatty cocoa butter chocolate is poured into molds once cooled dark slabs ready to eat chocolate emerge her she bites into a freshly made chocolate bar it's smooth bittersweet and absolutely delicious he closes his eyes and bliss chocolate melts on his tongue he opens his eyes and turns to his cousin Caramel or just a fad people only eat them as an occasional treat but chocolate people will eat chocolate every day fired up by the potential appeal of chocolate bars and the chance to rekindle his love of creating new confession John's her she decides he's going to make chocolate before leaving he buys the display equipment and arranges to have it shipped to his Lancaster factory moment the fair ends by February eighteen ninety four per she's equipment is up and running he founds the Hershey chocolate rainy and starts making dark chocolates shaped like gems flowers and cigarettes his chocolates make far less money than his caramel but her she doesn't care it's eighteen ninety eight and her she's in a London Club British importer of his caramel drinks in hand the two men sink into expensive leather armchairs her she likes a cigar and asks the imports requestion you've ordered fewer camels recently why is that the importer puts down his glass of brandy tastes changing Milton People here are losing interest in carols they want the new milk chocolate bars instead especially now that they're being made Britain Hershey raises an eyebrow I thought only the Swiss knew how to make milk chocolate not anymore the chocolate makers ear and figured out how Nestle does it cadbury started producing milk chocolate bars just last year her she sits up at the mention of Cadbury the British chocolate giants been in the news recently it's owned by a quaker family that wants to improve its workers lives by helping them escape the slums to do that Cadbury is building a model factory in village near Birmingham a Utopian village called born Ville Hershey's intrigued say what do you think n- Cadbury's born Phil project difficult to say I have to applauded morally the Birmingham slums pauling place jury still out on it's good business though I figured they give their workers cheap loans to buy houses and half days on Saturdays seems excessive well I think it's a wonderful idea I hope it works anyhow back to my what do you think I should do if sales keep dropping I can't stay afloat forever Am I correct things that no one makes us sales milk chocolate in America her she nods in that case I say become the man who brings milk chocolate to America it's early nineteen hundred food and inside his expensively decorated mansion in Lancaster Pennsylvania Hershey is playing pool with a buddy as his peacocks STRUT PAT tall window overlooking the yard Hershey chalks his cue and delivered some shocking news I'm selling the Lancaster Caramel company Hershey's friend freezes mid shot rarely why yes I'm going to use the money to build the biggest chocolate works this country ever seen it will make milk chocolate bars that will sell for a nickel and stores friend takes his shot and sinks a ball amid chocolate bar that only costs a nickel that'll be something as the friend searches for his next shot her she drops another bombshell. Moscow going to build a town for my workers you know like born villain England but bigger out in Dauphin County Hershey's buddy puts down his cue Billingham town is crazy enough but building it in rural Pennsylvania is even crazier Dauphin County Milton there's nothing there it's just hills and cows have you lost your mind maybe but thing is I don't care about money look in I have more than I need I want to do something momentous what do you think seriously what I think Milton is a courtney needs to appoint a guardian I mean do you even know how to make milk chocolate no but how hard can it be. Hershey is about to find out and he'll soon learned that it's way way harder than he ever imagined.
Words With (I Wish We Were More Than) Friends | With Ben Platt
"When he was working in Nevada Justin race matter that he thought was perfect for him the only problem they'd never spoken outside of the online game words with friends Justin's essays read by Tony winning actor Ben Platt Ben Stars in the new show the politician on net flicks her okay cupid profile mentioned that she was really good at scrapped will so I sent her message challenging her to game words with friends loser buys the winner coffee I wrote you game she accepted but told me coffee wasn't possible she was in China for the school year teaching English and wouldn't be back until July it was now January I had moved to Reno from Washington DC six months earlier to take a job at the university of Nevada and I was having trouble meeting people over those months I had message more than sixty women and heard back from only six wchs leading two zero dates so it seemed cruelly fitting that the first woman I really connected with had moved to China would hey good words with friends partner can be even harder to find than love later that evening she challenged me to a game at six pm for me nine. Am for her an odd I date half world between us sitting on my couch with phone in hand looking for Bingos hoping to draw an S. or blank play a move send a message repeat we were evenly matched barely won our first game soon we were playing two games at once and chatting in both two entirely different conversations threads one series and the other playful kept this up for six straight hours at one point I had to slide my couch closer to an partly because my battery was at two percent like any good I I didn't want it to end we talked about everything from our childhood pets Herat's Mister peepers and tough nut and my dog inky to my dream of one day running a retirement home for animals geriatric cows and octogenarian pigs happily living out their golden years with nothing whatsoever expected from them she told me the worst gift she had ever given the boyfriend was a giant Hershey Bar I confess that I'm more likely to cry during a movie trailer then while watching the actual movie I told her I always botch clean Chase. It's not like it's rocket surgery falling asleep that night happier than I've felt in sometime I wonder if I was being cashed those six hours had been too good the kind of night you dream about and then suddenly the is rising ridiculous flirtatious or serious whatever the topic it was always easy the next night was no different and I realized I had to start getting this down on paper when a game ended our chat from that game and with it every forty five minutes or so everything would disappear I wanted to preserve all of it proof that such things are possible after week hold my best friend back east what was happening she told me a story about a CO worker who had an online relationship with a woman for two years now they are married my laughed it off and thanked her but I told her I had no illusions we were always brutally honest about our future namely and agreeing there wasn't one it wasn't even clear that she was coming back to reno she would go wherever she managed the job we were most pleasant attraction for each other but school would eventually resume for her and I'd eventually someone in Reno on the words with friends board we were both masters of the endgame but that didn't seem to be any end game for us in real life they also knew that it was the baked in distance and the impossibility of a date that had allowed me to fall so deeply in the first place in person I am typically so shy in romantic situations that I can barely make eye contact with someone just met with her felt pre to open myself up entirely two weeks after playing in China four to six hours every night she warned me that she was meeting her father in South Korea the coming weekend and wouldn't be around to keep our nightly ritual it's strange to miss someone that you've never actually met in the morning I woke to a message she sent from the airport winning out a delay this single message meant more to me than the thousands of others we exchanged when I took my first business trip as a single man a few years earlier I remember wishing that I had someone to text from the airport I had internalized the idea that love I parked in the furthest possible spot the line insecurity is insane spring break or something okay at my gate morning shutting down they're about to take off smiley face all those imagine texts snow recipient it's don't even more when my plane touchdown several hours later with nobody to tell arrived safely broken homes for stating
Ambassador Deborah Birx on Creating an AIDS-Free World
"Guest. Today's Ambassador Large Deborah burks who serves as the global AIDS coordinator in the US Special Representative for global health diplomacy diplomacy and in this role she heads up far the US president's emergency plan for AIDS Relief Dr Burks. Thank you so much for spending the time with us today happy to be here and our expert co host is the esteemed colleague who's Mitch the Executive Director at the Bush Institute Holly. Thank you for spending this so Dr Burks we. We we really WanNa talk to you about the incredible work that pep far is doing and has done but we've been extremely lucky to have so many great guests with leadership journeys that are just incredible on the on the strategic since we want to talk about your leadership journey a little bit to start and so early on I understand you're you you actually started off as a physician in the US military in the US army. Yes I was yes. How did that start off your career well. That's a great question so so I actually paid for my own medical school. It's why I went to Penn State Hershey on my parents and I paid but I ended up meeting someone in College Canary them my first year of medical school and I didn't realize he had taken the army scholarship and so he was actually active duty Army when he finished so in order under for me to be with him because it's not like they let you just come in and be a co resident so his residency was at Walter Reed so I joined the military military so I could be in an internal medicine residency with him otherwise I would have never seen him and what kind of what kind of did you learn from your from your standing. The military freising up to colonel. I believe you have to read was really an amazing place to trade it was at that time every complicated case from all all over the world came to Walter Reed. It didn't matter if you were retired in Europe or you were active duty and Thailand if anything befell someone or there was a very very complicated illnesses they came to Walter Reed and so we would have araks medical Arabic's coming in three and four times a week and as residents so you would bring all those patients in an exam in them so it was a we saw the most complicated infectious diseases is to the most complicated cancers do it was just it was amazing experience and we had really terrific professors we call them. Attending who were over at the research institute who would come over to Walter Reed Hospital to attend and so it was very easy for me. Pass my internal medicine boards 'cause I had actually seen everything that was on the board because it was really an amazing training experience so given that you initially really only joined the military because of your husband and you were when you went to medical school did that change your path in terms of. Do you think you would have been the head of PEP far today. If you hadn't gone the military route I definitely nervous angle angle because the military I think they spent so much time on leadership training so it didn't matter that I was a physician from the military standpoint you were just a captain didn't or you're just a major or lieutenant colonel and you were just a colonel and you had to be able to lead troops and so we had the same trainings and the same leadership trainings things as all the line officers at the time you could imagine you're busy with medicine and you're taking care of patients and then you're having to do all of this command and General Israel Staff School and Leadership Training and at the time I was like I'm never going to use this because when you're in their twenties as you think all of this stuff is really natural very or you think it's intuitive but it leadership is not intuitive and I think that trainings at the military the discipline that the military brings to sequential leadership training. I think is quite unique. I think it's why many businesses have tried to copy it the end it's really comprehensive so I had to learn acquisition and budgets and so all of the terminology that used in government. It's all normal to me because all that acronyms we had to train on. Even though I was in medicine I really had to learn all the other pieces different there you went to from your from the military you went to the Department of Defense on the civilian side now dow. You skipped a little bit of a step so it was very very interesting. I was in. I was actually in pep far. At the time I soon as President Bush announced pep far are at the state of the Union. I had already been working in Africa for about five or six years. I was doing research and it really bothered me that I was doing very significant. HIV Vaccine Research but the community around me was dying so when President Bush announced this I flew back from from Kenya and waited outside of Joe O'Neill's house for almost a week in February to get a meeting with him and of course everybody knows is my powerpoint this time I went in like one hundred eighty slides and tell he agreed to let people are to let the army awesome be part of have far. I was not leaving his office and so I think I war him down by my powerpoint and I came into pep far as the critical community compassionate program that surrounded our research in both Uganda Kenya and Tanzania and then later Cameroon and Nigeria and it was that unbelievable ability to bring your high tech laboratory Ori Piece to serving the public that it was so intriguing so I got into pep far as on the side and then people ask me to apply for the CDC we see position in two thousand and five and so I went through the regular civilian application process got selected which I was very much shocked by uh-huh and my commanding general at that time my surgeon general general scumacher said I really we want them to understand the military and CDC doesn't really have a lot of experience with military members. Would you go down there on active duty for two years so they could see uh that the military is just like them and you know we can work together seamlessly so I did and then the war started and so I ended up being an active duty longer than I had anticipated but eventually I became the civilian down at CDC and so it was a it it was a very crooked pathway into my office visit you tell the story there. We have one hundred eighty point powerpoint deck where did good where did that passion for. HIV and AIDS really start to form for you. So I had just finished my fellowship. I had finished internal medicine. I was doing immunology. I wanted immunology really do research on how the immune system works. I was working on primary and secondary condemn. You note efficiencies similar to like the boy in the bubble who didn't have T. cells. I worked with B. Cell immunodeficiencies. Tesol immunodeficiencies and I got called old in one thousand nine hundred eighty two about individuals. I'm dying at Walter Reed soldiers young soldiers dying from a mysterious serious immune immune dysfunction and so came into HIV not knowing it was HIV. We didn't know that it was. HIV until nineteen eighteen eighty five so from eighty to eighty five. I worked side by side with the Infectious Disease Team while we tried to save these soldiers and we couldn't and I think it was so profoundly I think what you're trained in medicine and the eighties and you've got all this high tech stuff and ability to diagnose everything when you naughtily could make a diagnosis didn't know what the problem was and you didn't know how to treat it. It was devastating. It was incredibly humbling and I they really and the shocking thing to me was all of my patients who were dying. We're worried about me because I was so upset that I couldn't can do anything to help. They died with such courage and such willingness to try different things realizing that may not help them but it helped the person person behind them. I just never saw that level of altruism in the midst of just death and despair from the patients themselves and so so I think like for the last I guess thirty seven years. I've just really thirty plus even more than that. We're not it really been focused on doing everything we can to not only save lives but change the course of the epidemic so that the future feature for the world could be imagined as age as AIDS free so. Let's talk a little bit about pet far and the progress we've made. It's been then going since two thousand and three for sixteen years so what's happened in the six juniors. It's been really I would say. It's probably everything that that I've ever done. It's been an enormous privilege. I think because of two reasons one it was like a moonshot. I mean when President Bush Bush announced this there weren't sophisticated labs in sub Saharan Africa which was bearing the brunt of the disease where one a- and in four adults were already infected. Children hundreds of thousands millions of children's didn't have parents anymore. It was really this unbelievable translation translation of what you believe America stands for as we will take our best and our brightest and everything that we know and use that to change the future for others and I think being able to translate. US Taxpayer dollars through this initiative has been the most extraordinary piece of work take anyone could be involved in and I think that is such a big responsibility but it's also an amazing really representation of what we stay on for it and it's not just I think what's been always exciting to me. It was never just about the money it was ensuring that that money continue new to us the best science and the best evidence to do what you could do remarkably for people and making sure that you're bringing that best signs. It's the same science that we have here in the United States and Europe to the people who need it the most around the globe. There's not very many programs as a lot of programs. That will say oh well. You can't really do that there. Because of these ten reasons this program said Oh nope. We're GONNA do everything that we're doing here. There and we're just GonNa make it happen and I think ah boldness that the president brought to this. I think people don't realize it wasn't just the boldness and the money it was the fact that he decided to create an entirely different structure for foreign assistance. I think people still have trouble understanding how brilliant that was the way it was positioned at the State Department the way it brought all the agencies together the way it made the State Department as the coordinator but but not actually Benny parts of implementation so that you could maintain accountability separate from any of these single agencies understanding that anyone agency would be conflicted. Ah trying to oversee another agency if they were actually doing the work
"hershey" Discussed on KPCC
"We really don't know Hershey's hiding, but I always say, I'm not hiding if anything, you know, more about me than you ever would within my music, you know, not knowing what I look like, it's it's all in the music and having everything I'm having everything revealed in the music that is the most honest version of meat I want to listen to a bit of your song. It's called focus and it's out for the best Rb song. How do you write you picture a lyric? You picture a melody where does it start view? Even if it changes from song to song had it start on this one. Yeah. I really depends. But I mean this song I heard the track DJ Kemper, he's really talented producer. He played the track. And I got really excited. Doggies? It was actually sitting in my phone for really long time at pulls it out randomly and started singing the melodies. I. In the melodies kind of sparked this lewd of being very like vulnerable and needy and emotional case. It's all real life. It's all my life. And it wasn't wasn't really a story until I made all of these songs. It wasn't like I've put thought into story because it was all happening at didn't have to think about it. Because I was just expressing myself. It was like I started to realize of these songs represent this time period of me being that girl, you know, in high school, dealing with these new emotions and heartbreaking all the stuff that comes.
"hershey" Discussed on EOFire | Entrepreneur on FIRE
"Going to how you feel and think then you are going to win period because you're going to be sticking by your guns you're going to be doing the right thing when he looked back there's no regrets his always do that right thing and for you rocco one thing that i would love to know love to ask you is you've got a lot of great ideas was the greatest moment you've had to date was that idea that you've been able to take in turn to success tell us that story so grow it up as a kid in jersey are in our vacation wasn't the elaborate ones in those kinds of things are are vacation was the trip to hershey pennsylvania so in those days when you visited the hershey factory you actually saw them making the hershey chocolate who was actually you would think about this way was it was her she under glass as well as a as a kid john that was like great oh my god was so you smell the chocolate you saw the people making the two of the hershey for the hershey chocolate and it was just fantastic hershey kisses everywhere later on though as i was walking one a my facilities i stopped and i thought to myself the our home all was well think of how much confidence that her she had to have in their people that at any moment people were walking through that facility and seeing how the choco was made and i thought to myself if my customers were walk through my facility at any time unannounced were they ever ship a package again would they give me their products and services and so for me the aha moment was always to have on her she factory that my operation was always going to be under glass that everything we did was kind of transparent rp you know in that you would come to you would you do business with me again based on that end of law in a our people who executed on behalf of our organisataoo or in our company could have that same vision then th you know then they would always have that kind of operation that people could come in at a time wash their operation and so they would carry our brand forward so i would challenge my people to to run.