Some Bubbling At Campbell Soup
David Johnson is turning up the heat on his turnaround at Campbell Soup. On May 4 the CEO announced that his 70 top executives must boost their holdings in company stock. For Johnson that means raising his stake from about $1.5 million to three times his base pay by yearend 1994. Some 30 other executives must hold at least 1,000 shares each. The soupmaker's stock rose 1/4, to just over 38, on the news. The shares, though, are still trading well below their 52-week high of 45 3/8. Campbell's board, which includes members of the company's founding family, said "mmmm-mmmm good" to the plan.
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