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Why Campbell Soup will not be sold or broken up despite strife

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Why Campbell Soup will not be sold or broken up despite strife

There’s a battle brewing over the nation’s most well-known soup brand. Campbell Soup is in the middle of heated battles that stretch across multiple fronts, including public relations, executive posturing, and legal proceedings.

All of this has been initiated by Daniel Loeb, an activist investor who’s hedge fund, Third Point LLC, owns 7% of the company. He filed a lawsuit on Thursday claiming the current board of directors misled investors with their plans for the future and by not putting the entire company up for sale.

That may sound like a huge challenge for the company, but it’s really just posturing. It’s very unlikely Loeb can replace the board. Instead, it’s more likely he can position his campaign to push for a couple of hand-picked additions to the board.

Feud over Campbell Soup’s future could break up the 149-year old soup company

https://wtvr.com/2018/10/28/campbell-soups-feud-could-break-up-company/Campbell claims that the new board members recommended by Third Point don’t have the right experience for the job, that the hedge fund has a superficial understanding of the company and that it has failed to present a compelling argument. The company reiterated these points and its confidence in its own plan to move forward in a letter to shareholders on Thursday.

“We are confident in the new strategic direction,” wrote Independent Chairman, Les C. Vinney, “and strongly believe that our plan to improve the focus and financial performance of the company is the best path forward.” He added that he has the support of the family members who sit on the board.

Why won’t it sell? Because nobody will want to pay what it’s worth. Despite poor decisions that have extended the company beyond its means, they are still a giant in the food industry that will demand top dollar. What Loeb has done is tarnish the image and created a volatile situation that will make potential investors or buyers of the various components of the company run away.

Regardless of what happens with the executive posturing, one thing is certain. Americans are always going to love soup. That fact alone should keep the value of the company higher than anyone would be willing to pay.

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Guns and Crime

16-year-old illegal alien Domingo Marcos accused of killing teacher in head-on-collision

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16-year-old illegal alien Domingo Marcos accused of killing teacher in head-on-collision

When Domingo Marcos, 16, crossed our southern border illegally in 2017, he immediately asked for asylum. He was given a date for his asylum hearing and released. When he didn’t show up for his hearing, his asylum was denied and a deportation order went out. Unfortunately, law enforcement didn’t catch up with him until he allegedly killed Alabama school teacher Sonya Jones in a head-on collision.

According to MyNBC15:

Prosecutors say Marcos is an illegal immigrant from Guatemala who tried to claim asylum in Arizona in 2017. When he was a no show to his hearing, prosecutors say he was denied asylum and issued a final order of deportation. Authorities didn’t catch up with him until Monday’s crash.

My Take

Most of the stories about illegal immigrant crimes we cover here have to do with heinous acts committed by adults. This is a reminder that there are dangers posed to American citizens that come in many forms from illegal immigrants. Not all of the pain they cause is intentional, and not all of those causing the pain are adults.

Things may be very different today if more illegal immigrants who apply for asylum showed up to their hearings. This goes to show it’s often considered easier to flea from the law for the rest of their lives and hope for Democrats to give them amnesty in the future rather that risk failing the very difficult task of demonstrating a valid need for asylum. The left will say the system needs to be changed to allow more asylum-seekers to stay in the country legally. That may actually be the case, but until we stop the flow of illegal immigrants coming over the southern border, it’s really a moot point.

America is the most generous nation in the world in dealing with illegal immigrants. We can be strong defenders of our own sovereignty and still be compassionate, but it must start by securing the border. We need the wall up immediately.

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Guns and Crime

Mark Geragos, lawyer to Kaepernick, Smollett, and Jackson, likely unnamed co-conspirator with Michael Avenatti

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Mark Geragos lawyer to Kaepernick Smollett and Jackson likely unnamed co-conspirator with Michael Av

Michael Avenatti may be getting all the headlines, but his unnamed co-conspirator may be even more of a catch in the extortion case that got Avenatti arrested. Mark Geragos, a regular CNN analyst and lawyer to famous people like Colin Kaepernick, Jussie Smollett, and Michael Jackson, is supposedly the unnamed co-conspirator.

My Take

Avenatti is a spotlight hog. He’s the guy you call if you want the attention paid to your lawyer instead of you. He draws fire and offers cover while still getting your case plenty of attention.

Geragos is the guy you call if you need a real lawyer.

This is why people who aren’t stars call Avenatti while those who are aleady stars call Geragos. He’s a high-dollar hired gun who delivers results. This time, he may have gotten caught with his hand in the wrong cookie jar.

The fact that he’s a CNN analyst certainly adds poetic justice to this. CNN is one of the biggest culprits who helped make Avenatti a star in the first place.

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Foreign Affairs

Venezuela is colluding with Russia while America is distracted by Trump not colluding with Russia

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Venezuela is colluding with Russia while America is distracted by Trump not colluding with Russia

Two Russian jets carrying troops and equipment landed in Caracas, Venezuela, as part of a mission to “fullfil technical military contracts,” according to Russian media. But it’s almost certain this is part of Russia’s play on Venezuela to prop up socialist dictator Nicolas Maduro just as they did with Syrian dictator Bashar al-Assad.

Meanwhile, most Americans who follow the news cycle were bombarded with perspectives on Attorney General William Barr’s summary of the Robert Mueller investigation report. In it, President Trump and his 2016 campaign were found to not have colluded with the Russians in their election hacking endeavors.

My Take

While most were focused on fake Russian collusion, the real thing was happening in one of the world’s hottest spots, Venezuela.

Russia’s play here is simple: keep Maduro in power at all costs. They got the drop on any actions the United States may have been planning, though it’s unlikely those plans included military intervention. Still, Russia isn’t taking any chances. By getting troops and equipment on the ground, they’ll be able help Maduro by offering cover from outside actions while bolstering his support internally.

Any defections or coup attempts will be much less likely with Russia directly involved.

The opposition leader who America and over 50 other nations consider to be the rightful interim president, Juan Guaido, has been trying to get international support while maintaining domestic support, but Maduro’s move may have prevented that from happening.

In essence, the battle over Venezuela is now over. It’s unfathomable to conceive of action by the United States or any other’s who support Guaido other than diplomatic efforts that will accomplish nothing. Venezuela is doomed to retain their socialist dictator now.

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