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Stock impact report

‘Orwellian': Ben & Jerry's founder tells CNBC he's alarmed by Magnum's board overhaul [CNBC]

Unilever PLC American Depositary Shares (each representing One Ordinary Share) (UL) 
US:NYSE Investor Relations: unilever.com/investor-relations
Company Research Source: CNBC
during their Scoop The Vote tour to get-out-the-vote for Vice President Kamala Harris and Democrats down the ballot on September 16, 2024 in Philadelphia, Pennsylvania. Lisa Lake | Getty Images Entertainment | Getty Images Ben & Jerry's co-founder Ben Cohen has slammed parent Magnum Ice Cream Company, saying it is “destroying” the brand, in an interview with CNBC. The world's largest standalone ice cream business, Magnum, is only a week old but has already had a lifetime of corporate drama. Ben & Jerry's CEO Jochanan Senf, appointed by Unilever, has said changes to the terms of the board, including a nine-year term limit, setting a board cadence with “protocols on engagement” and an obligation to comply with Magnum's code of business integrity, would strengthen governance and transparency. Cohen, however, called it “Orwellian.” “They said that they're enhancing the social mission when they're actually destroying it. They said that they're future-proofing the Board of Direc Show less Read more
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