Nov 6, 201511:03 AMBlaska's Bring It!
with David Blaska
Everyone is a crony capitalist if it means losing Oscar Mayer
(page 2 of 2)
Drink the Kool Aid
I still remember Jerry Heigel, the first boss of Oscar Mayer from outside the family, remarking in amazement after being bought out by General Foods in 1981, “Anyone can put sugar in an envelope.” General Foods made Kool Aid. General Foods was in turn bought by Phillip Morris, which later acquired Kraft. Before Heinz merged with Kraft.
Consolidation of mature industries is a fact of economic life. Italy’s FIAT and Detroit’s Chrysler. The State Journal’s parent company bought out Pulitzer. The Milwaukee Journal Sentinel is part of the Gannett chain, a nephew of its flagship, USA Today. Budweiser of St. Louis was purchased by the brewers of Belgium’s Stella Artois, which also brews Mexico’s Corona. They’re now in talks to buy much of the European brands of South Africa’s SABMiller.
Those 40-acre farms and their little red barns? Engulfed by 4,000-acre farms with free-stall, confinement barns and automatic milkers.
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