FC: Hershey board still living large

[mn78psu83]

LINK: Still running up big bills

"It looks from a distance like the [Hershey Trust] needs a real housecleaning in the board room," said Randall Roth, a trust law expert at the University of Hawaii's William S. Richardson School of Law.

Roth, a national expert on trust law, said some Hershey directors seem to be treating the trust fund for poor children as a "cookie jar" for their own benefit.

NAH.

Check this out:

The highest-paid were Philadelphia-area money manager James Nevels, who received $1.7 million over the last three years, and Robert Cavanaugh, a former trust board chairman and a Los Angeles resident, who earned slightly more than $1 million.

I guess the money managing is just gravy when you have a board position that pays $567,000 per year.

 

[91Joe95]

Is Erickson still on the board?

 

[mn78psu83]

Is Erickson still on the board?

I think he was only on the Hershey Medical Center Board, not the Hershey Trust Co. Board. He missed out on those sweets.

 

[wensilver]

Nevels was going to donate a large amount to UPenn - that never happened & they quietly removed his name.

He also was fêted at Drexel a few years back - not sure if he ever made good on donations or an endowment there.

The theme of sitting on Boards where you don't take your fiduciary responsibility seriously is so oddly familiar....

 

[Nitt1300]

I am waiting for someone to conclusively draw the connection from the Hershey Trust Board to the PA GOP.

ask Kane how easy it is to go after them

 

[Royal_Coaster]

I am waiting for someone to conclusively draw the connection from the Hershey Trust Board to the PA GOP.

I don't think it's so easy to blame all these messes on one party. If it were only the GOP fault, don't you think the Dems would be grabbing every microphone they see and blasting them 24/7? Wouldn't they name names and destroy the other party, and assume control of the state for the next kazillion years? Let's face it, the only thing we have approximating checks and balances in PA is the fact that both parties have enough dirt on each other and know where each buries its dead bodies.

 

[malanoce]

IMO, they both have their protected turf so to speak and the Hershey Trust is that for the PA GOP. I am by no means letting the PA DEM off the hook.

Remember, the pork smoocher Corbutt and his pal were getting big bucks there.

 

[mn78psu83]

Remember, the pork smoocher Corbutt and his pal were getting big bucks there.

There was one man behind all of it. The orchestra's conductor. And what of him? What was his fate in this saga? Vanished without a trace. Unscathed. Unrepentant. Untouchable. Check out that smile.

LINK: LZ resigns from all Hershey boards

A photo around the time that the expansion was completed shows Zimmerman and other trustees at the doors of the hotel. A banner draped over their heads reads "Zimm's Palace." The trustees stayed overnight at the hotel during board meetings.

 

[ForesterGump]

I believe it was his son-in-law that ran for AG against Kane. His pull outside the GOP might not be as strong as it once was.

 

[Franklin_Restores_TheTradition]

There was one man behind all of it. The orchestra's conductor. And what of him? What was his fate in this saga? Vanished without a trace. Unscathed. Unrepentant. Untouchable. Check out that smile.

LINK: LZ resigns from all Hershey boards

A photo around the time that the expansion was completed shows Zimmerman and other trustees at the doors of the hotel. A banner draped over their heads reads "Zimm's Palace." The trustees stayed overnight at the hotel during board meetings.

Another "Dickenson Law" graduate......subsequently named a PSU "Distinguished Alumni". Go figure....

 

[mn78psu83]

Another "Dickenson Law" graduate......subsequently named a PSU "Distinguished Alumni". Go figure....

Talk about a guy who got away scot-free. "Zimm's Palace." A cool $1.9 million in fees as a "part-time" director. Shameless.