Is Green Mountain Coffee Roasters a merger target? If so, what does that mean for the company’s relatively new roasting and distribution plant in Knox County?
Green Mountain Coffee
The maker of the Keurig single cup brewer system has seen its share price plunge from nearly $116 a few months ago to less than $18 today. As its stock has spiraled lower, talk of a takeover has increased.
Green Mountain expanded to Knoxville in 2008, investing millions in a distribution and production plant in Forks of the River Industrial Park, where it employs several hundred workers.
Does your company invest in “dead peasant” life insurance?
Buying life insurance for top executives — key man policies — is standard practice in Big Business. But some companies also purchase life insurance on blue collar workers — sometimes without the workers knowledge.
“Since gaining popularity in the 1980s, companies have been taking out Corporate Owned Life Insurance policies on employees and listing themselves as the beneficiary. Many workers go about their workday with no clue that such policies exist and that their company has placed a bet on their timely (at least from an actuarial standpoint) death,” Joe Mont writes in a piece for The Street, a financial media website.
Talk about creepy. Here’s the full story. Very interesting reading.
Clothing retailer Abercrombie & Fitch is the winner of the August hypocrisy award. The Ohio-based company has announced it will pay the cast of the bizarre cable TV reality show “Jersey Shore” to not wear its clothes.
“We understand that the show is for entertainment purposes, but believe this association is contrary to the aspirational nature of our brand, and may be distressing to many of our fans,” the retailer said in a news release.
Yeah, right. A&F is being a bit disingenuous, as The Street reports. The company previously capitalized on the popularity of the show by selling “The Fitchuation” T-shirts, a play on cast member Mike “The Situation” Sorrentino’s name.
Hypocrisy usually works. The smackdown should be a winner for A&F.