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In April 2000, Unilever PLC, a multi-billion dollar, multinational consumer products conglomerate (Wisk, Vaseline, Lipton, etc.) based in Europe, “scooped up” Ben & Jerry’s Homemade, Inc. for $326 million. Unilever added Ben & Jerry’s to its portfolio of other famous ice cream brands, such as Breyers All Natural, Good-Humor, Klondike, and Popsicle, to increase its share of the ice cream market in North America. Co-founders Ben Cohen and Jerry Greenfield will remain with Ben & Jerry’s to promote its brand of socially conscious capitalism as specified in its mission statement, even though some customers and other stakeholders thought the pair had sold out. Moreover, as a condition of the buyout, Unilever must continue to donate 7.5 percent of all pre-tax profits to the Ben & Jerry’s Foundation and other organizations that engage in socially responsible activities.
Go to the Ben & Jerry’s Website http://www.benjerry.com/ mission.html and Unilever’s Website http://www.unilever.com/company/ourpurpose/ to compare the mission statements that each firm has adopted.