Brad Reese
๐ค SpeakerAppearances Over Time
Podcast Appearances
And that was a $19 billion deal.
We had it locked up.
Hershey was going to buy it.
And Richard Lenny, the former chairman and CEO of the Hershey company, was a financial advisor to Centerview Partners, which was advising Kraft on a competing bid against Hershey.
And not only that, Richard Lenny, the former chairman and CEO of Hershey, was also the mentor of his protege, Dave West, who was then the CEO of Hershey.
And Dave West killed the deal and never went through.
Kraft bought it, which then Kraft then split into two called Mondelez.
That Mondelez ended up with a Cadbury line.
But then Dave West, who killed the deal for Hershey and lost a lifetime opportunity, became a general partner at Centerview Partners.
I mean, talk about a conflict of interest.
So anyway, so there's a lot of bad blood.
You have to understand.
Chocolate wars.
Yeah, the Reese family has been creating the wealth there.
And so the stock is doing very well.
The stock at Hershey now is doing very well.
Wall Street loves it when you increase your margins at whatever cost to the public.
It's long term is what I'm getting at.
It's going to not work out long term.
But thank you for everything.