The Ceo And The Board

As the drive for reform moves toward lackluster boards, Heinz is a key target

It was, as always, an extravagantly festive event. On Aug. 10, some 500 guests of H.J. Heinz Chairman and Chief Executive Anthony J.F. O'Reilly gathered under chandeliers in a mammoth white pavilion set up at the swanky Leopardstown horse-racing track outside Dublin. More than half were flown in from around the world, put up at Ireland's finest hotels, and feted at a lavish three-day bash. Guests included H.J. Heinz Co. executives and directors, Wall Street analysts, and assorted politicians, tycoons, and friends. In recent years, Paul Newman, William Kennedy Smith, and the CEOs of PepsiCo, Sara Lee, and Clorox have joined in the fun.

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