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Hershey Media Report 3/23/17
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Wall Street Breakfast: Art Of The Healthcare Deal
Mar 24, 2017 | Seeking Alpha
Brief mention of the announcement in Seeking Alpha's Wall Street Breakfast. Relevant portion highlighted below. -
Hershey Co. Fills Up Its Board Slots
Mar 24, 2017 | FSM News
By Ryan Lee
Hershey Co. and the Trust it controls just announced this Thursday that they would fill up their remaining positions of their corresponding boards, just after a year of a notable acquirement proposition from Mondelez International Inc. and a series of withdrawals. -
Market Insider - Early movers: FINL, MU, GME, TWTR, HSY, APD, UA, M & more
Mar 24, 2017 | CNBC
By Peter Schacknow
Brief section on the announcement in CNBC's Market Insider with Patti Domm. Relevant portion highlighted below. -
Hershey taps new board members
Mar 24, 2017 | Seeking Alpha
By Yoel Minkoff
Hershey (NYSE:HSY) and the trust that control it are filling positions on their respective boards following a year marked by a $23B acquisition overture from Mondelez (NASDAQ:MDLZ) and a series of resignations. -
Hershey and its trust tap new board members
Mar 23, 2017 | Reuters
By Lauren Hirsch
Hershey Co and the trust that control it disclosed on Thursday they would fill positions on their respective boards following a year marked by an acquisition overture from Mondelez International Inc and a series of resignations. -
$12.5B Hershey charity appoints 3 new members to oversight boards
Mar 23, 2017 | Philadelphia Inquirer
By Bob Fernandez
The scandal-battered Milton Hershey School for impoverished children has appointed three new board members who bring a "mosaic" of skills and experience to the positions, the institution said on Thursday. -
Hershey Trust names three new board members
Mar 23, 2017 | Patriot News (Pennsylvania Live)
By Nick Malawskey
The joint boards of the Hershey Trust Co. and the Milton Hershey School have named three new board members. -
LG Health CEO, two others elected to Hershey Trust, school boards
Mar 23, 2017 | Central Penn Business Journal
By Roger DuPuis
An alumna, a health care executive and a banker have been picked to serve on the Milton Hershey School Board of Managers and the Hershey Trust Co. Board of Directors. The boards said Thursday they are adding Melissa L. Peeples-Fullmore, Jan Loeffler Bergen and James C. Katzman starting April 1. -
ABC27 News
Mar 23, 2017 | WHTM (ABC) Harrisburg, PA
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Wall Street Breakfast: Art Of The Healthcare Deal
Mar 24, 2017 | Seeking Alpha
President Trump has delivered a message to House Republicans: If the American Health Care Act doesn't pass today, we're moving on. That means Obamacare would stay in place if enough conservative lawmakers don't get behind the new healthcare legislation. Investors regard the vote as a test for the Trump administration that could show whether it can muster the backing needed to push through its economic agenda.
Economy
Dallas Fed President Robert Kaplan sees three interest rate rises in 2017 as "a reasonable baseline." I'm not "looking for a pause" in rate raises as long as U.S. employment and inflation figures continue to improve, he told reporters, adding that it would be right for the Fed to begin trimming its balance sheet in the future. Kaplan is a voting member on the FOMC.
There is "no reason" to withdraw the bank's massive monetary stimulus now or raise bond yield targets, as inflation remains far from its 2% goal, BOJ Governor Haruhiko Kuroda said at a Reuters Newsmaker event. He also dismissed market concerns that the central bank will eventually lose its ability to control long-term interest rates under its yield curve control framework.
The possibility of the United States branding South Korea a currency manipulator cannot be ruled out, according to Finance Minister Yoo Il-ho. Those "problems" could happen if America changes its criteria. A formal declaration of currency manipulation requires the U.S. Treasury to seek negotiations to resolve the situation or could result in punitive tariffs.
Belgian authorities are tightening security around Antwerp after a man drove his car at high speed through a busy shopping area, forcing pedestrians to jump out of the way. Police have arrested the suspected driver, identified as Mohamed R., a 39-year old French man of North African origin. Knives, a shotgun and a canister with an unknown liquid were found in his vehicle.
Economic activity in the eurozone accelerated in March, bolstering optimism over the region in the face of Brexit. Markit's flash composite PMI rose to 56.7, hitting a nearly six-year high, from 56.0 in February. "It signals GDP growth of 0.6% in the first quarter," said Chris Williamson, chief economist at IHS Markit. "It's an economy firing on all cylinders."
Oil is set for its third weekly drop ahead of this weekend's meeting in Kuwait, at which OPEC and its production-cutting allies will assess the effectiveness of their actions to date. Talks will also be overshadowed by the question of whether the persisting glut requires curbs to be extended beyond the summer.
Stocks
On a party-line vote of 50-48, the Senate has approved overturning Obama-era regulations that put strict requirements on consumer privacy protection. The agency, then led by Tom Wheeler, voted to require ISPs to get consumer consent before using data like health and financial information, as well as precise geolocation in ads and internal marketing. Major providers opposed the restrictions at the time. Related tickers: T, VZ, CMCSA, CHTR, FTR, CTL, WIN, CCOI, OTCPK:ATCEY
The YouTube advertising exodus continues as Johnson & Johnson (NYSE:JNJ), JPMorgan (NYSE:JPM) and LYFT pull ads from the platform amid concerns they may have appeared on channels that broadcast offensive videos. Whether the recent events are a harbinger of bigger problems may depend on whether Google can give businesses more control over ad placement. Alphabet (GOOG, GOOGL) shares this week have already fallen more than 3%.
Looking to create a new revenue stream, Twitter (NYSE:TWTR) is exploring a subscription-based premium version of its Tweetdeck interface. "We're conducting this survey to assess the interest," a spokeswoman told The Verge. Tweetdeck's core service would remain free, but the advanced platform - including new analytics, alerts about breaking news and other tools - could run about $20 per month.
Four tech giants are heading back to the line of scrimmage. Amazon (NASDAQ:AMZN), Facebook (NASDAQ:FB), Twitter (TWTR) and YouTube (GOOG, GOOGL) have all submitted proposals to the NFL in the hope of streaming Thursday Night Football games next season. Twitter won the contest last season with a $10M bid (CBS and NBC pay a lot more for the rights to broadcast the 10 games on TV).
CEOs must speak up to ensure America remains globally competitive, BOX chief Aaron Levie told CNBC, declaring "we are at a point where business and politics are inseparable." Corporate leaders must take a more active role in telling Washington what they think about things like immigration reform, encryption policy, privacy issues, global trade and healthcare, which, "is certainly going to impact a lot of different markets."
HSBC plans to add as many as 1,000 new employees to its Chinese retail banking and wealth management arm this year, most of them in the Pearl River Delta, the heart of the bank's growth strategy in China. If that target is hit, the new additions will mean HSBC will have hired twice as many people for the business as it did in 2016, suggesting its growth in the region remains strong.
Brexit boost... Deutsche Bank (NYSE:DB) +1% premarket after choosing a new office for its London headquarters, signaling a vote of confidence in Britain's capital. Employing around 7,000 people in London, the German lender is due to begin transferring staff to the new building, which will house its corporate and investment bank, in the second half of 2023.
Credit Suisse has restated its full-year earnings to reflect a charge of 272M francs after reaching a settlement on toxic mortgage securities with the U.S. National Credit Union Administration. The move comes as the bank increased its bonus pool by 6%, defying a trend toward smaller payouts at many of its peers to prevent an exodus of top talent. CS +1.1% premarket.
Marking another setback for the agency in a high-profile international corporate tax case, Amazon (AMZN) has won a more than $1.5B tax dispute with the IRS over its transactions with a Luxembourg subsidiary. Judge Albert Lauber of the U.S. Tax Court rejected a variety of IRS arguments, and found that on several occasions it abused its discretion, or acted arbitrarily or capriciously.
Hershey and the trust that controls it are filling positions on their respective boards following a year marked by a $23B acquisition overture from Mondelez (NASDAQ:MDLZ) and a series of resignations. The departures followed criticism of poor governance, excessive compensation and unnecessary expenses at the Hershey Trust (NYSE:HSY) by its overseer, the Pennsylvania attorney general.
Theranos founder Elizabeth Holmes plans to give out personal shares in the company to investors who promise not to sue her or the blood testing firm. Investors could get about two additional shares for each one they bought, meaning the effective cost would be lowered to about $5, WSJ reports. Though Theranos (Private:THERA) raked in more than $600M in its latest funding rounds, it now has about $150M or less in cash, excluding debt.
"There are serious discussions with the New York Stock Exchange (NYSE:ICE) about having the NYSE be one of the exchanges for the Aramco (Private:ARMCO) IPO and I believe the decision will be made on the financial merits," Saudi foreign minister Adel al-Jubeir told Fox News. "Our objective is to try to complete the IPO sometime in 2018."
The U.S. State Department is expected to approve the construction of TransCanada's (NYSE:TRP) Keystone oil pipeline today, Reuters reports, ahead of Monday's deadline to complete a review of the project. The move would mark the beginning of a process that could be lengthy; approvals are needed from state regulators, and the endeavor, which was previously blocked by the Obama administration, could face legal challenges. TRP +1.6% premarket.
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Hershey Co. Fills Up Its Board Slots
Mar 24, 2017 | FSM News
By Ryan Lee
Hershey Co. and the Trust it controls just announced this Thursday that they would fill up their remaining positions of their corresponding boards, just after a year of a notable acquirement proposition from Mondelez International Inc. and a series of withdrawals.
The Chocolatier giant has reportedly declined a $23 billion partnership last summer from Mondelez-owned cookie industry, Oreo. As for the Hershey Trust, which can also hold a refusal, was enmeshed in a clamor with its supervisor that caused major withdrawals at The Trust and Hershey's board.
As a result, The Hershey Trust has recently acquired James Katzman, a retired Goldman Sachs Group Inc. associate who would be taking one of the slots. Katzman is expected to provide a well-practiced investment banking professionalism, especially at present where investors are wondering over whether Hershey would accommodate a new proposition in the coming periods after Mondelez's proposal.
Also enlisted to the team as Hershey trustees are Melissa Peeples-Fullmore - at the Milton Hershey School graduate and education expert, and Jan Loeffler Bergen - a proficient social worker and chief executive officer of the non-profit health source of Lancaster General Health.
In addition, Hershey also revealed that it will appoint two more members to its board, namely Diane Koken and James Brown, who would as well sit on the Hershey Trust board. Michele Buck would act as the company’s CEO as appointed on the first day of March.
Over a century ago, The Hershey Trust was established by Hershey founder himself, Milton Hershey to supply and manage an institute for disadvantaged youths. After being analyzed by its superintendents together with the Pennsylvania attorney general for weak governance and disproportionate expenditures and reimbursements, it caused an internal obstruction which resulted in the resignation of three board members last year. One of them was the retiring Hershey Trust board members - Robert Cavanaugh while the other was James E. Nevels who also had a position in the Hershey Co. board and were not voted for reappointment this year.
The Hershey Trust said that it will exert its “best effort" to upsurge board size to 13, up from the current number of 9 as a clearance with the attorney general. That result to a total of six possible vacant positions left to be occupied which includes the addition of two board members’ slot that are expected to retire by the end of this year.
The Hershey Trust owns a share of close to a third of Hershey Co., but the establishment has accounted for more than two-thirds of its investment assets. In 2002, the company had put Hershey Co. up for sale mentioning a necessity to expand its investments. The development appealed a $12.5 billion proposal by chewing gum manufacturer Wm. Wrigley Jr. Co. But that arrangement was discarded after the Pennsylvania attorney general positively appealed a court to hinder the proposal in the midst of the resentment from the local public.
Hershey Co., displayed a bull candle ending its 4th day bearish streak. The candle opened trading at 107.81 and ended at 108.10 with the high 108.72 of and a low of 107.64. Relative Strength index also surged from Wednesday’s 47.85 to 49.03.
However, Coppock Curve plunged down in the negative zone. It is currently at -0.15 which indicates a sell for the chocolate stock.
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Market Insider - Early movers: FINL, MU, GME, TWTR, HSY, APD, UA, M & more
Mar 24, 2017 | CNBC
By Peter Schacknow
Check out which companies are making headlines before the bell:
Finish Line — The athletic footwear and apparel retailer missed estimates by 21 cents a share, with quarterly profit of 50 cents per share. Revenue did beat forecasts, but same-store sales slid more than expected and its full-year outlook is below consensus estimates. The company said the quarter was a disappointing finish to a challenging year, as some of its footwear lines did not catch on with customers as much as Finish Line had expected.
Micron Technology — The chip maker reported adjusted quarterly profit of 90 cents per share, four cents a share above estimates. Revenue matched forecasts, but the company gave an upbeat forecast as pricing climbs, supplies tighten, and demand improves for the company's memory chips.
GameStop — GameStop beat estimates by nine cents a share, with quarterly earnings of $2.38 per share. The video game retailer's revenue was slightly below forecasts, and it gave a weaker-than-expected outlook due to hardware and software discounting. The company also announced it would be closing two to three percent of its stores this year. CEO Paul Raines categorized the video game category as "weak."
Twitter — Twitter is considering a premium version of its Tweetdeck interface aimed at professionals. A Twitter spokeswoman issued a statement saying the company was conducting a survey to assess the interest in the idea, which could let Twitter collect subscription fees for the first time.
Hershey — The company and the board that controls the chocolate maker each named new board members to fill vacancies. Retired Goldman Sachs partner James Katzman is joining the Hershey Trust board, along with educator Melissa Peeples-Fullmore and health care executive Jan Loeffler Bergen. Diane Koken and James Brown are joining the Hershey board.
Air Products — The industrial gas maker has abandoned its effort to buy China-based rival Yingde Gases Group, saying it is not in the best interest of its shareholders.
SeaWorld — The theme park operator announced that China-based holding company Zhonghong Group has taken a 21 percent stake. Zhonghong is buying its stake from funds affiliated with Blackstone for $23 per share.
Macy's — Macy's officially named Jeffrey Gennette as its new chief executive officer, replacing Terry Lundgren who remains as the retailer's chairman. At the same time, Citi downgraded the stock to "neutral" from "buy," saying it was hard to have confidence in a turnaround after a weak fourth quarter and a rough start to 2017.
Under Armour — Under Armour was upgraded to "buy" from "hold" at Jefferies, which also increased the price target to $27 per share from $19. The athletic apparel maker has seen its shares lose more than half their value over the past year, a drop which puts the stock at what Jefferies considers a good value given a compelling growth scenario.
Apple — Apple's price target was raised to $165 per share from $135 at Nomura/Instinet, which continues to rate Apple a "buy." The firm believes the expected introduction of the iPhone 8 later this year will outperform consensus expectations.
Skechers — Cowen upgraded the footwear maker to "outperform" from "market perform," saying growth in the international wholesale market should help expand profit margins and accelerate overall earnings.
KB Home — The home builder beat estimates by two cents a share, with quarterly profit of 15 cents per share. Revenue also topped forecasts, as both order volume and average selling prices rose from a year earlier.
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Hershey taps new board members
Mar 24, 2017 | Seeking Alpha
By Yoel Minkoff
Hershey (NYSE:HSY) and the trust that control it are filling positions on their respective boards following a year marked by a $23B acquisition overture from Mondelez (NASDAQ:MDLZ) and a series of resignations.
The departures followed criticism of poor governance, excessive compensation and unnecessary expenses at the Hershey Trust by its overseer, the Pennsylvania attorney general.
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Hershey and its trust tap new board members
Mar 23, 2017 | Reuters
By Lauren Hirsch
Hershey Co and the trust that control it disclosed on Thursday they would fill positions on their respective boards following a year marked by an acquisition overture from Mondelez International Inc and a series of resignations.
Chocolate maker Hershey rejected a $23 billion bid last summer from Oreo cookie owner Mondelez, as the Hershey Trust, which can veto a deal, was embroiled in a row with its overseer that resulted in departures at the trust and Hershey's board.
The Hershey Trust is adding James Katzman, a retired Goldman Sachs Group Inc partner, to its ranks, bringing onboard a seasoned investment banking professional at a time when investors are speculating over whether Hershey would entertain a new offer in the near term following Mondelez's approach.
Also joining as Hershey trustees are Melissa Peeples-Fullmore, a Milton Hershey School alumnus and education professional, and Jan Loeffler Bergen, a trained social worker and chief executive officer of non-profit health provider Lancaster General Health.
Hershey disclosed it was nominating two new members to its board, Diane Koken and James Brown, who also sit on the Hershey Trust board. Michele Buck became Hershey's new CEO on March 1.
The Hershey Trust was set up by Hershey founder Milton Hershey over a century ago to fund and run a school for underprivileged children. After being criticized by its overseer, the Pennsylvania attorney general, for poor governance and excessive expenses and compensation, it struck an accord that led to three board resignations last year.
Two of the retiring Hershey Trust board members - Robert Cavanaugh and James E. Nevels - also held positions on the Hershey board and were not nominated for reelection this year.
In its agreement with the attorney general, the Hershey Trust said it will use its "best effort" to increase board size to 13, up from nine at the time of the accord. With two more board members set to retire at the end of this year, that leaves a total of six potential slots left to be filled.
The Hershey trust owns close to a third of Hershey, but the company accounts for more than two-thirds of its investment holdings.
It put up Hershey up for sale in 2002, citing a need to diversify its investments. The process attracted a $12.5 billion offer by chewing gum maker Wm. Wrigley Jr. Co. But that deal was abandoned after the Pennsylvania attorney general successfully petitioned a court to block the offer amid opposition from the local community.
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$12.5B Hershey charity appoints 3 new members to oversight boards
Mar 23, 2017 | Philadelphia Inquirer
By Bob Fernandez
The scandal-battered Milton Hershey School for impoverished children has appointed three new board members who bring a "mosaic" of skills and experience to the positions, the institution said on Thursday.
But critics assailed the national search as cloaked in secrecy and said the charity overlooked people who would have served without the lucrative board compensation, which amounts to more than $1 million for a 10-year tenure.
Four prominent people with extensive board experience — among them former Philadelphia Managing Director Philip R. Goldsmith and Philadelphia philanthropist Carole Haas Gravagno — said they would serve on the Hershey charity boards without pay, according to a letter obtained by the Inquirer and sent to Velma Redmond, who chairs the Hershey boards, and Pennsylvania Attorney General Josh Shapiro.
The letter, sent this week by email and the U.S. Postal Service, noted that despite its vast wealth, $12.5 billion, the Hershey School helps only 0.0046 percent of the income-eligible poor children in Pennsylvania, or 2,000 students, on its Hershey-area campus.
Many believe the school could open satellite campuses or expand its service for impoverished at-risk youth.
Ric Fouad, a Milton Hershey School alumnus and activist who has sought reforms for years, said he was aware of several leading experts on residential education who applied for the board positions "but were completely rebuffed, even though they were happy to serve without pay."
Fouad added that the Hershey board "is repopulating itself with status-quo defenders for hire — individuals who lack the qualifications or desire for retooling this troubled charity."
The new board members are Melissa L. Peeples-Fullmore, a Milton Hershey School alumna; James C. Katzman, a retired Goldman Sachs investment banker; and Jan Loeffler Bergen, a Lancaster health-care executive.
Hershey spokesman Kent Jarrell said the new board members would be compensated consistent with the attorney general's agreement in July of $110,000 a year. The charity looked over 240 resumes as part of the national search, the organization said.
Spokesman Joe Grace said, "Attorney General Shapiro is taking a more hands-on approach to the oversight of Hershey Trust to require more accountability to the people of Pennsylvania. As part of that effort, our office investigated these board appointments, including their qualifications for service. This is the first example of the more proactive approach to the Hershey Trust and other charities and nonprofits in Pennsylvania.”
Hershey board members serve in two capacities, overseeing the Milton Hershey School itself and the Hershey Trust Co., which manages the educational institution's billions in assets. The Hershey charity owns about 10,000 acres in the Hershey area, boards students in more than 175 homes, and controls the Hershey Co. candy giant.
With the new appointments, the two Hershey boards — composed of the same people — grow to nine members, short of the full complement of 13 that the Office of Attorney General has said it would like for proper oversight.
Redmond, the Hershey chair, said in a statement that the new board members "will bring a rich mosaic of relevant skills to the boards." She added that the individuals "have good governance temperament and personal attributes to be effective board members."
Since 2015, the charity has spent about $4 million on outside law firms investigating accusations of conflicts of interest and insider trading by board members against other board members.
The Hershey charity settled the attorney general's investigation into these matters and excessive board compensation with five board members agreeing to leave their posts — three of them in December 2016 and two in December of this year.
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Hershey Trust names three new board members
Mar 23, 2017 | Patriot News (Pennsylvania Live)
By Nick Malawskey
The joint boards of the Hershey Trust Co. and the Milton Hershey School have named three new board members.
The two boards -- which share members -- collectively control the Milton Hershey School in Derry Township and the school's trust fund, which includes an ownership stake in The Hershey Co. and Hershey Entertainment and Resorts. The trust fund, which was valued at more than $12 billion in 2015, is designed to provide for the operation of the school in perpetuity.
The new board members are; Melissa Peeples-Fullmore, an alumna of the Milton Hershey School who has a background in education, Jan Loeffler Bergen, a healthcare executive in Lancaster, and James Katzman, a retired partner of Goldman Sachs.
The three new members join six existing members. The trust said in a statement it is continuing to search for additional members. Last year the trust reached an agreement with the state Attorney General's office, which called for reforms of the way the board operates.
Among those, that board members with 10 year or more of service leave the board. Three who met that criteria - Robert Cavanaugh, Joseph Senser and James Nevels - left by the end of 2016. Two others - James Mead and Velma Redmond - will leave by the end of this year, but are currently listed on the trust's website as remaining on the board.
In its press release, the trust said all three of the new board members were approved by the Attorney General's office.
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LG Health CEO, two others elected to Hershey Trust, school boards
Mar 23, 2017 | Central Penn Business Journal
By Roger DuPuis
Their appointments come as the trust is implementing reforms agreed to last year in a deal with the Pennsylvania Attorney General's office.
In keeping with the terms of that deal, the candidates' names, qualifications and other pertinent information were provided to the AG's office 30 days in advance. The office raised no objection, according to a statement from the trust.
"As part of our thorough effort, we worked with a nationally respected recruiting firm, which conducted in-depth reports on potential candidates," board chairwoman Velma A. Redmond said.
"We received more than 240 resumes and letters of interest from prospective candidates and a thorough selection process identified the three superbly qualified individuals we have elected," she added.
Milton Hershey, who founded the chocolate company that bears his name, established the trust more than a century ago. Its purview also includes the Milton Hershey School Trust, The M.S. Hershey Foundation Trust and the Hershey Cemetery Trust.
While The Hershey Co. is a separate entity, the trust remains a significant stockholder, and the trust is allowed to elect up to three members to sit on the chocolate company's board.
The pact with the AG's office followed an investigation into the boards over concerns about conflicts of interest and whether board members were experienced enough to properly oversee the organizations.
Then-Attorney General Kathleen Kane said the move would help create a more diverse panel, particularly with respect to adding members who have expertise in areas such as large property transactions and the education of at-risk youth, which is the school's mission.
The three additions bring the total number of board members to nine in the wake of several retirements. Under the AG's deal, the trust's board will increase from an average of nine members to 13.
The boards will continue the search process throughout 2017, a statement released Thursday said.
The appointees
The new trust/school board members will bring three distinct life experiences to the role.
"They also have the good governance temperament and personal attributes to be effective board members and, very importantly, they are committed to the mission of the Milton Hershey School," Redmond said.
They are:
Melissa L. Peeples-Fullmore, an alumna of the Milton Hershey School who has worked as a teacher and administrator in public schools, and in residential facilities.
She has extensive experience with children from low-income families, as well as children who attend residential educational programs. Peeples-Fullmore currently is the program officer for the Aspiring Leaders Program at Teaching Trust in Dallas, which prepares principals to be transformational leaders in urban environments.
Peeples-Fullmore has an undergraduate degree from Lynn University in Florida, earned a master's degree in educational leadership and elementary education at Florida A&M University, and recently received a second master's of education specializing in leadership development and policy reform at the Harvard Graduate School of Education.
She currently is studying for a doctorate in education policy and leadership at Southern Methodist University, where she also is an adjunct instructor, teaching select master's level courses in SMU's Simmons School of Education and Human Development.
Jan Loeffler Bergen, president and CEO of Lancaster General Health/Penn Medicine.
A native of Pennsylvania, Bergen also is a trained social worker who has served on numerous community, philanthropic and healthcare related boards.
She is a graduate of Lafayette College and completed master's-level course work in business and social work at the University of Pennsylvania and Temple University.
James C. Katzman, a retired partner of Goldman Sachs, with extensive experience in investment banking.
Born in Central Pennsylvania, Mr. Katzman is a trustee of the Boys & Girls Clubs of Metro Phoenix, a trustee of the San Francisco Ballet, a member of the President’s Leadership Council at Dartmouth College, and a member of the advisory board of the Program for Financial Studies at Columbia Business School.
Katzman graduated with a bachelor's degree in economics from Dartmouth College and received an MBA from Columbia Business School.
Speaking of the new additions, Redmond said, "Their education, training and experience reflect the full range of the boards' responsibilities including working with at-risk/dependent children, residential childhood education, and financial and business investment."
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Mar 23, 2017 | WHTM (ABC) Harrisburg, PA
View clip here: http://app.criticalmention.com/app/#clip/view/26582517?token=5757e5d0-304f-404d-aebf-3aee859160ed
Rough transcript: in dauphin county three new members elected to the board of the hershey trust company and the milton hershey school... melissa peeples- fullmore a graduate of the milton hershey school and a career in education. jan loeffler bergen president and ceo of lancaster general health and james katzman a central pennsylvania native and retired partner of goldman sachs. all 3 of them will take their posts on april 1st.
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