What this means is that Hormel is protected from the influence of large investors other than the Hormel Foundation - and can go about its business without fear of being pushed toward short-term goals over more appropriate long-term ones. One of the three stated goals of the Hormel Foundation is to "preserve the independence of the Hormel Foods Corporation." What this means for investors Together with associated entities, the foundation owns 48% of Hormel's shares, making it by far the company's largest shareholder. That's because of the Hormel Foundation, a non-profit organization that was set up in 1941 by company founder George Hormel and his son, Jay. But large investors will have a much harder, if not impossible, time doing so at Hormel.
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