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Jeffrey Hollender forced out of Seventh Generation

first_imgSeventh Generation,Jeffrey Hollender, co-founder and former CEO of Seventh Generation, has been removed as director of the company and his employment has been terminated, according to a spokesperson for the company. The story was first reported by www.greenbiz.com(link is external).Chrystie Heimert told Vermont Business Magazine that the board of directors announced the decision regarding Hollender on October 26. The closely held company is employee owned. Heimert said Hollander and his wife, Sheila, who will remain as an employee and on the board, are still major shareholders in company. Hollender had helped start the company 20 years ago, took it public, then engineered a plan to return it to a private, employee-owned company.Greenbiz.com released an email it said was sent from Hollender to a friend that said, in part, that he was removed from the board and terminated ‘without cause.’ He also said he could not discuss ‘the unpleasant circumstances that led to this.’Fortune Magazine writer, author and Hollender friend Marc Gunther posted the board’s letter and Hollender’s email on his Web site. Heimert said Hollender was removed from the company because there was an issue of leadership. Chuck Maniscalco was Hollender’s hand picked successor, but she said the board did not feel it was “clear and unambiguous” as to who was leading the company.The board’s letter says that Maniscalco tendered his resignation in September, but that the board persuaded him to stay on. The letter also said that Hollender was put on a leave of absence in September. The letter and email are pasted below.Heimert confirmed that when Hollender turned over leadership of Seventh Generation in June 2009 to Maniscalco that a separation agreement between Hollender and the company was put in place and then exercised in October. She also confirmed that Hollender was put on a leave of absence in September. She said she could not release the board letter, but referred Vermont Business Magazine to Gunther’s blog.Maniscalco, she said, will remain as CEO of the company until a new CEO is chosen. Heimert said Maniscalco is now in the process of deciding whether he wants to continue in that role and apply for the job he is currently holding. Seventh Generation, based in Burlington, markets environmentally safe household and personal-care products. www.seventhgeneration.com(link is external)Heimert told Vermont Business Magazine that Seventh Generation employs about 80 in Vermont and a little over 100 system wide; it reported revenues to VBM of $138 million in 2008. Gunther’s blog cited 2009 sales of $150 million.Hollender Email: More than two decades ago, I founded Seventh Generation with the idea of creating a different way of doing business.  Since then, the company has established new benchmarks for ethical and sustainable corporate behavior, grounded in the principles of employee ownership, pay equity, environmental responsibility and transparency.  At the same time, Seventh Generation is a recognized pioneer in its category and a successful business enterprise.On Monday, October 25th, the Seventh Generation Board announced to it’s shareholders and employees that they have ‘decided to end the company’s employment relationship’ with me ‘. . .without cause’.   Though I cannot discuss the circumstances that led to this, I wanted you to hear this news directly from me. [I have also attached the letter that was sent out by the Company.]Over the past twenty years, I have had the privilege to work with an extraordinary group of committed, talented people ‘ and I thank them all and wish them the best. I plan to remain fully engaged in the work of creating a new paradigm for justice, equity and corporate responsibility through my new book, Planet Home that will be published by Random House in January 2011; my work on the boards of Greenpeace and Veritee; and in my role as the co-founder of the American Sustainable Business Council.I greatly appreciate your support and friendship over the years.Board letter:October 26, 2010Dear Friends and Shareholders of Seventh Generation,In the life of every company, there comes a time when the most difficult of decisions must be made. These moments are rarely deliberately sought but instead thrust upon us by unexpected circumstance and by events, which demand that hard choices be made.Recently, the Board of Directors of Seventh Generation faced such a decision and was forced to act in what we firmly believe to be the best interests of both our company and you, its shareholders. First, I want to offer you some context. In mid September, Chuck Maniscalco, our CEO since June 2009, resigned after a very difficult period. Following lengthy discussion the Board convinced Chuck to stay to lead the company at least through a transition while the Board immediately commenced a search for a new CEO. Chuck is personally committed to and focused on leading our company through this transition period, and is considering applying for the job of leading Seventh Generation as part of our search process. We are all committed to having the best leadership we can for our company.With that as background, I want to share with you that, following our September meeting, the Board of Directors reluctantly voted to put Seventh Generation co-founder Jeffrey Hollender on a leave of absence from the company and to remove him from the Board pending further discussions about his future role. Since that time, and after further deliberation, the Board has decided to end the company’s employment relationship with Jeffrey. Importantly, when Jeffrey stepped down as CEO, he negotiated an agreement with the company that allowed for the termination of his employment and provides him with generous severance and other benefits were his employment to end. We have honored that agreement to date, and we intend to honor that agreement going forward. And, I want to assure you that the board, in making these decisions, did so with the best interests of the company, as well as fairness to Jeffrey in mind.All of this was difficult, and I must emphasize that these decisions were not taken lightly. As the leader of the company since its very earliest days and its philosophical guiding light for over two decades, Jeffrey has been an integral part of our brand and an obvious lynch pin of our success, our unique corporate spirit, and our much acclaimed emphasis on equity and justice in the way we conduct our business. It is no overstatement to say that without his unwavering dedication to our cause and his tireless efforts on our company’s behalf, we would not be the company we are today, and indeed might not be here at all. His is a legacy worthy of the highest respect and admiration, and nothing in our recent decision should dim that in any way.Nevertheless, recent events have forced us to choose between divergent paths. We have elected to set the company on the one we strongly feel has the very best chance of fulfilling the commitment we’ve made to all our stakeholders to achieve the greatest possible lasting success, financially but especially in terms of making our world a better, safer place for our children and the following seven generations.To a large extent, present circumstances mirror those at many other companies whose founders have made the decision to turn over the reins to someone else. As organizations grow, so do their managerial requirements. Eventually these increasing layers of complexity demand the recruitment of experienced professional leadership whose abilities and experiences are required to move forward. This is the crossroads at which Seventh Generation now stands.And that is an important point that must be made: Though our leadership has changed, our aspirations have not. It remains our objective to continue to grow Seventh Generation while staying true to the strategies we’ve previously shared with you over the years. We believe deeply in our business and its model, and will continue to do all that is within our power to drive our business, our social mission, and our global imperatives forward.Despite this period of executive transition, the Board remains confident in the company’s ability to continue to grow its business and social mission for long-term success. Our accomplishments over the past year are numerous, and each reflects the company’s ongoing commitment to corporate responsibility and to growth. These important milestones include:‘Achieving three consecutive quarters of growth despite an extraordinarily challenging economic and competitive landscape. Year-to-date, our sales have grown at a double-digit pace, which would be the envy of many of our competitors during this extraordinarily challenging economic landscape.‘Successfully introducing the first ever EPA-registered botanical disinfectant cleaner.‘Launching our first-ever national advertising campaign, which more than doubled awareness of toxic cleaning product issues as well as our brand itself.‘Expanding our already extensive distribution base to include Safeway and also Wal-Mart, a partnership that accelerated our commitment to make green products affordably accessible to more consumers.‘Increasing our involvement with Women’s Action to Gain Economic Security (WAGES) in order to more effectively address our economic equity concerns.‘Marshalling public support for reform of the badly outdated Toxic Substances Control Act.‘Engineering the first cleaning product packaging made from 90% post-consumer recycled content.‘Successfully completing a $30 million equity capital raise with a group of investors aligned with existing shareholders as responsible, long-term stewards of the Seventh Generation brand.Change is always difficult, and this particular evolutionary moment has certainly been more challenging than most. What matters, however, is not what has happened but what will happen. On this count, the Board is confident that it has taken the steps necessary to ensure that Seventh Generation’s untapped growth potential is fully realized in the years ahead. As we move into that promising future, we continue to express our thanks for everything Jeffrey has done for us and for the company he has built. That company has a rewarding road ahead of it indeed, but this success cannot and does not depend on any one individual. Instead it springs from the unique synergy that comes when many act together to realize a singular ideal. That’s the task before us now, and with your continued help and support, I’m certain we’ll achieve it.Respectfully,Peter GrahamChairmanRELATED:Marc Gunther Blog with letter to employees and Hollender email:http://www.marcgunther.com/2010/11/01/seventh-generation-sweeps-out-its-…(link is external) Greenbiz.com Story:http://www.greenbiz.com/blog/2010/11/01/seventh-generation-fires-chief-i…(link is external) Burlington Free Press story:http://www.burlingtonfreepress.com/article/20101102/NEWS01/101102022/Sev…(link is external)center_img 2003 Vermont Business Magazine Profile of Jeffrey Hollender and Seventh Generation:http://vermontbiz.com/article/june/jeffrey-hollender-and-seventh-generationlast_img read more

Neymar wins French Cup final for PSG

first_imgThe World Cup winner was later seen emerging from the tunnel on crutches following a dreadful challenge that resulted in the dismissal of Saint-Etienne captain Loic Perrin.“Everyone is worried. Everyone who saw the foul is worried. Of course I’m worried,” said Tuchel.“I’m very happy because we won but we have to stay patient because we don’t have any news. I think he will undergo tests tonight.”PSG secured the first of a potential three trophies this summer, claiming a record-extending 13th French Cup with the League Cup final against Lyon to come next Friday before the resumption of their European campaign in Portugal.“It was very difficult, which is perhaps the best thing,” added Tuchel, whose side added to their Ligue 1 title awarded in April after the season was ended prematurely. Loading… The final at the Stade de France was the first official match in one of Europe’s top football nations to allow fans to attend since March, albeit in severely restricted numbers with just 2,805 spectators – including French President Emmanuel Macron – inside the 80,000-seater venue.A minute’s applause was held ahead of kick-off for the victims of COVID-19, which has claimed the lives of over 30,000 people in France, and in support of frontline workers.PSG had racked up 20 goals without reply in three friendlies building up to the final, but Yvann Macon’s crunching tackle on Neymar in the first minute suggested no such goodwill would be afforded by Saint-Etienne in their first French Cup final appearance since 1982.The challenge set the tone for a fractious opening period and Denis Bouanga was inches from firing Saint-Etienne ahead when his strike rebounded back off Keylor Navas’s left-hand post.Unfazed by that scare, PSG led on 14 minutes as Mbappe burst into the area after an exchange with Angel Di Maria and Neymar crashed home the rebound via the underside of the crossbar after a fine save from Jessy Moulin.Bouanga twice forced Navas to turn away while Moulin produced a sensational one-handed stop to tip over from Di Maria, earning plaudits from the Argentine himself.Saint-Etienne’s hopes of fighting back were hampered midway through the first half though when the veteran Perrin, on likely his final appearance for the club, was sent off for a dreadful challenge on Mbappe.He required lengthy treatment but was forced off after his right ankle was trapped between the legs of Perrin, whose yellow card was upgraded to red following a VAR review.Emotions boiled over with five players booked in the aftermath following an ugly melee, but the greater concern for PSG will be the severity of Mbappe’s injury.The France star reappeared from the tunnel on crutches in the second half, with less than three weeks before PSG’s Champions League tie against Atalanta on August 12.Moulin kept Saint-Etienne in with a remote shot of ending their 43-year wait for a seventh French Cup title, repelling Mauro Icardi and Di Maria before spreading himself superbly to deny Pablo Sarabia.Read Also: PSG star goes on crutches as Champions League loomsThe goalkeeper even raced forward for a late corner but PSG held firm to atone for last year’s defeat in the final by Rennes on penalties, clinching the trophy for the fifth time in the past six seasons.“It’s really tough to take, especially like that. We had chances and we pushed them,” said Moulin.“There are things to be pleased about but losing a final is always hard to digest.”FacebookTwitterWhatsAppEmail分享 However, coach Thomas Tuchel faces an anxious wait over the fitness of Kylian Mbappe ahead of next month’s Champions League quarter-final against Atalanta after the France star limped off in tears during the first half with an ankle injury.center_img Neymar netted the winning goal as Paris Saint-Germain defeated 10-man Saint-Etienne 1-0 in the French Cup final on Friday night, the first competitive fixture in the country since March 11 following the coronavirus pandemic.Advertisement Promoted Content10 Risky Jobs Some Women DoBest & Worst Celebrity Endorsed Games Ever MadePortuguese Street Artist Creates Hyper-Realistic 3D GraffitiWho Is The Most Powerful Woman On Earth?This Is Hachi, And He’s The Happiest Dog On InstagramTop 7 Best Car Manufacturers Of All TimeWe’re Getting More Game Of Thrones: Enter House Of The Dragon!A Soviet Shot Put Thrower’s Record Hasn’t Been Beaten To This DayCouples Who Celebrated Their Union In A Unique, Unforgettable Way10 Outrageous Ideas That Made People Ridiculously RichA Hurricane Can Be As Powerful As 10 Atomic BombsBrother Creates A Phenomenal Dress For His Sisterlast_img read more

England’s fallen Champions League trio eye FA Cup redemption

first_imgTottenham will have to get used to life without talismanic striker Harry Kane with an ankle ligament injury ruling him out until next month.However, the form of Son Heung-min means the England international might not be as badly missed as feared.Kane hobbled off with Mauricio Pochettino’s men trailing 1-0 at Bournemouth last weekend, but Son inspired an emphatic response by scoring twice in a 4-1 victory to take his tally to seven goals in his last four games.Chelsea also have little time to recover from a European hangover after being swept aside by two goals and an assist from Lionel Messi to lose 3-0 to Barcelona on Wednesday.Unlike United, the English champions could at least say they went down with a fight as they hit the woodwork twice and looked a more potent attacking threat with Olivier Giroud acting as a focal point rather than Eden Hazard playing as an auxiliary centre-forward.The Frenchman is expected to keep his place on Sunday against a dangerous Leicester side who have the luxury of prioritising the Cup as they lie eighth in the Premier League, outside the race for Europe or against relegation.In the other quarter-final Mark Hughes takes charge of Southampton for the first time hoping to avoid becoming the third-tier Wigan Athletic’s fourth Premier League scalp of an amazing Cup run.FixturesSaturdaySwansea v Tottenham (1215)Manchester United v Brighton (1945)SundayWigan v Southampton (1330)Leicester v Chelsea (1630)Share on: WhatsApp London, United Kingdom | AFP | Manchester United have little time to lick their wounds from an embarrassing Champions League exit as Brighton’s visit to Old Trafford in Saturday’s FA Cup quarter-final represents their last realistic hope of winning a trophy this season.However, United aren’t alone in seeing the Cup as a last chance for silverware as Tottenham Hotspur and Chelsea travel to Swansea and Leicester also needing to win a Wembley final on May 19 to salvage their season.All three crashed out at the last 16 stage of the Champions League, but it is United’s exit to Sevilla that has attracted the most stinging criticism due to manager Jose Mourinho’s overly cautious approach.Chants of “attack, attack, attack” rained down from frustrated United fans at Old Trafford on Tuesday as doubts over Mourinho’s suitability to lead a club made famous for attacking sides under European Cup winning managers Matt Busby and Alex Ferguson grow.Despite sitting second in the Premier League, United trail local rivals Manchester City by 16 points and could even suffer the indignity of seeing City crowned champions when the sides met early next month.In that context, victory over Brighton is a must to maintain the impression that progress is being made under Mourinho, who was handed a contract extension to 2020 as recently as January.“We have one trophy to chase and that is the FA Cup,” said United striker Romelu Lukaku, who was one of few players to emerge with any credit from the Sevilla defeat after netting his 24th goal of the season.“We wanted to go far in the Champions League, that is what a club like Manchester United needs to do and we didn’t do it so we are disappointed.”Mourinho’s decisions on whether to start under-performing star duo Paul Pogba and Alexis Sanchez will be heavily scrutinised.Sanchez has been an ever-present since signing from Arsenal last month despite a string a poor performances and a meagre return of one goal in 10 appearances.Pogba was only introduced for the final half hour on Tuesday, but did little to justify a return to the starting line-up.Son to shine for Kane-less Spurs?last_img read more