Dean Investors Challenge Factory Farms at Shareholders Meeting

[nosmokes]

looks like the OCA boycot is paying off! let's keep the pressure on and get the fake organics either toeing the line or stop using the label.
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original-cornucopia

Investors Challenge Dean Foods’ Investment in Organic Factory Farms at Annual Shareholders Meeting

DALLAS: Socially concerned investors, who filed a shareholder proposal with Dean Foods, today again questioned the company’s management at its Annual Meeting of Stockholders in Dallas as its marquee organic brand faces increasing competitive pressures and a consumer backlash over its reliance on factory-farm milk production. Investors believe the large-scale dairy operations are damaging the image of Dean’s Horizon Organic brand and watering down shareholder value.

This controversy is coming to a head at the same time Dean has warned shareholders and analysts that profits will be significantly impacted by marketplace challenges, in part with organics, through the end of the year. Dean Foods’ stock has been in a freefall, losing significant value, since the company released their first quarter financial report on May 3.

“We warned the company’s management that their corporate-owned factory-scale organic dairies are harming public perception of their Horizon Organic brand,” said Steven Heim, Director of Social Research of Boston Common Asset Management and a representative of institutional shareholders in Dean stock. “Organic consumers feel violated when they discover that the premium prices they are paying is for milk that is coming not from family farms but from huge confinement operations with little to no pasture for their dairy herds,” Heim added.

Sales growth of the Horizon brand has suffered significantly while the sales of organic dairy competitors have grown two to three times faster over the past year.
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complete article including links to other sources here

[Critters2]

1. This is good to see! Thanks for sharing! nt

[Dora]

2. Horizon is always my 2nd-3rd choice in organic dairy.

I stick with Organic Valley if I can find it.

[Big Blue Marble]

3. This is the market at work in a good way.

I quit buying Horizon brand two years ago, only buy Organic Valley
since I learned of Horizon's deceptive practices of animal management.

[Peace Patriot]

4. I LOVE to see stockholder revolts! Democracy at work! Hats off to them! nt