Hershey Trust Board Member Resigns From the $12 Billion Charity

  • The move comes less than two weeks after failed Mondelez bid
  • Trust controls about 80 percent of voting stock in Hershey Co.

Joan Steel has resigned from the board of the Hershey Trust Co., the $12 billion charity that controls about 80 percent of the voting shares in the Hershey chocolate company, which Mondelez International Inc. tried to acquire last month.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.