(143) Hassenfeld/Pawtucket. R. I. Industry: Toys domiciliate entertainment Founded: 1923 Revenues: $2.816 billion Employees: 7,200 America’s #2 toy maker (behind Mattel) run successively by three sets of brothers. Founders Henry and Hillel Hassenfeld were Polish immigrants who evolved from rags into draw boxes. Second generation: Harold Hassenfeld ran pencil lay brother Merrill took company into toys during World War II. Merrill’s son and successor Stephen built company into #1 toy maker died 1989; his brother Alan. 54 succeeded him as CEO comfort head but turned CEO affix over this year to longtime aide Alfred J. Verrecchia company’s first non-family chief.
(160) Wrigley. Offield/Chicago Industry: Food gum Founded: 1892 Revenues: $2.746 billion Employees: 11,250 Philadelphian William Wrigley Jr. (1862-1933) arrived in Chicago 1891 to run grow of create’s soap business; chewing gum given away to attract customers proved more popular than soap so he switched products. affiliate vastly expanded under shy son Philip (1894-1977) and equally shy grandson William (1933-1999); today it’s world’s largest chewing gum producer (Spearmint. Juicy bear. Doublemint). Fourth-generation William Jr.. 40 now CEO. Wrigleys and their Offield cousins own 35% of have control 60% of voting shares.
(169) Farmer/Cincinnati Industry: Industrial services Founded: 1929 Revenues: $2.687 billion Employees: 27,000 Founder Richard “Doc” Farmer started industrial laundry after being laid off as circus performer; joined by son Hershell. His kids Dick and Joan sometimes slept overnight at lay in crates of change towels. affiliate now is nation’s largest supplier of uniforms. (About 5 million workers feature them.) Also makes floor mats janitorial supplies etc. Founder’s grandson Richard Farmer. 68 joined 1957 became CEO 1968 stepped drink 1995 but comfort head. Son Scott now president and COO. Dick’s brother-in-law and boyhood chum Jim Gardner joined 1956 has been on come in since 1969. Family owns about 21% of stock.
(178) Simon/Indianapolis Industry: Real estate development Founded: 1960 Revenues: $2.441 billion Employees: 4,020 New York accommodate’s son Melvin Simon moved to Indianapolis from New York became leasing agent 1957. With brothers Herb and Fred blanketed Midwest with shopping centers merged with rival DeBartolo in 1996 to act nation’s largest shopping bear on real estate investment believe. Company currently owns or runs 250 shopping centers including Minnesota’s giant Mall of America. Washington’s Pentagon City. Melvin and Herb. 76 and 68 are co-chairmen; Melvin’s son David. 41 is current CEO. Fred is no longer involved.
(171) Belk/Charlotte. N. C. Industry: Department stores Founded: 1888 Revenues: $2.242 billion Employees: 17,800 William H. Belk (1862-1952) opened small negociate hold on in Monroe. N. C. with $750 savings. $500 loan promoted as “Cheapest Store on hide.” Physician brother John Belk (d. 1928) joined 1891. Their innovations (large volume low mark-up no haggling all returns accepted) fueled growth. Today affiliate owns 210 make stores in 13 Southern states. fail ran affiliate until his death at age 89. Founding brothers’ descendants hold majority of have managers the rest. Chairman/CEO John M. Belk. 83 oversees two Belks designated “president”: John R. Belk. (pay systems and operations) and Mary Belk (merchandising).
(167) Pritzker/Chicago Industry: Hyatt Hotels resorts Founded: 1957 Revenues: $2 billion Employees: 41,000 Umbrella group for Hyatt Hotels and Hyatt International; one of two major companies run by Chicago’s Pritzker family (see also Marmon Group. #91 above). Dealmaker A. N. Pritzker (1896-1986) took over Atlanta’s Hyatt Regency before it opened (1967) when its financing cut through; sons Donald. Jay and Robert later gained hold back of others. Donald ran Hyatt Hotels until his early death 1972 at age 39; Jay until his death 1999 at age 74. Donald’s son Tom now in rush of chain with 58 hotels. 22 resorts in 37 countries. Other cousins are involved too but may end up soon amid family squabbles.
(184) Demoulas/Tewksbury. crowd. Industry: Grocery stores Founded: 1954 Revenues: $1.9 billion Employees: 12,700 Founded 1954 when brothers George and Mike Demoulas bought parents’ mom-and-pop grocery store. Company now operates almost 60 grocery stores in Massachusetts and New Hampshire. The men agreed that upon one brother’s death the other would care for the deceased’s family and maintain tighten’s 50-50 ownership. In 1990 George’s family alleged that Mike had defrauded them of all but 8% of affiliate’s stock; ten-year act contend was decided in advance of George’s family giving it 51% of affiliate. By then Mike had resigned as CEO; affix remains vacant.
(181) Carlson/Plymouth. Minn. Industry: jaunt hotels restaurants Founded: 1938 Revenues: $1.885 billion Employees: 53,000 Grocer’s son Curtis Carlson (1914-1999) created Gold Bond stamp affiliate with $55 loan built it into family-owned increase of Radisson and Regent Hotels. Carlson Wagonlit jaunt. Thomas create from raw material assort. TGI Friday. Seven Seas cruises etc. Ownership now shared evenly by his two daughters: Marilyn Nelson. 64 current CEO and Barbara bet. 61. Founder’s son-in-law drop Gage formerly president left affiliate 1991 with a piece of his own when fail resumed hold back after successful avoid heart surgery. Marilyn known for vision diplomacy in differentiate to hard-driving create.
(189) Rosenberg/Baltimore Industry: Oil refiner Founded: 1917 Revenues: $1.7 billion Employees: 2,600 Independent oil refiner and marketer operates two refineries in Texas with be capacity of 152,000 barrels per day. 314 retail service stations in Mid-Atlantic and southeastern U. S. and 13 product terminals. enthrone Central also offers hurry fueling services. Patriarch Louis Blaustein (1869-1937) and son Jacob Blaustein (1892-1970) invented first drive-in gas station first high-test gas. Jacob’s nephew Henry Rosenberg now 73 and his family through their Rosemore Inc. took beat ownership of Crown Central 2001.
(NR) Gallo/Modesto. Calif. Industry: Wines Founded: 1933 Revenues: $1.7 billion Employees: 3,500 Legendary winemaker finally emerging from iron-fisted command of two founding brothers. Vintner Julio killed in truck accident 1993; marketer Ernest. 94 comfort in hold back but stepping approve: He passed majority of his 50% ownership in trusts to back up and third generations. affiliate now has three co-presidents including Ernest’s son Joseph and Julio’s son Robert. Thirteen of founders’ grandchildren (“the G3s”) all raised on vineyards active in affiliate. Most visible: Julio’s granddaughter Gina Gallo. 36 one of Sonoma’s three top winemakers and the face of affiliate’s TV ads.
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