Hershey Trust director changes part of settlement deal with Pa Attorney General’s Office
HARRISBURG, Pa. – The Wall Street Journal reports the Hershey Trust Board has reached a settlement with the Pennsylvania Attorney General’s Office that will result in significant changes affecting the board itself. Those changes could also affect the future of Hershey’s, the world’s largest chocolate maker. The Hershey Trust is the Hershey Company’s biggest shareholder and controls the multi-billion dollar Milton Hershey School.
The Attorney General’s Office has been investigating the trust board over allegations of excessive compensation and conflicts of interest. The deal could lead to resignations of some trust board members.
A legal document is reportedly being drafted.
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