Bittersweet Exit for Hershey Trust Co. General Counsel-Lots of Skullduggery Left Behind

Corporate Counsel ^ | Oct. 18, 2011 | Sue Reisinger

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The trust company, under investigation by the Pennsylvania state attorney general's office, manages a $7.5 billion charity. The trust also holds 77 percent of the voting stock in the Hershey Company, including the Hershey Foods Corporation....The precise nature of the investigation has not been disclosed, but local news media have previously questioned the trust's purchase of a financially troubled golf course—for $12 million—that was partially owned by a then-trustee; the building of a $5 million bar and restaurant on the course; and the sale of the chocolate factory in downtown Hershey, PA, to private investors.

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As accountants would say " there seems to be an unexplained lack of internal control..."