In the 1930’s and 1940’s, the Carlay Company in Chicago, Illinois developed a candy coated dietary suppressant called Ayds. It sold the business to Campana Corporation. Campana was then sold to Dow Chemical. In the 1960’s, Dow sold the business to Purex and hired legendary Hollywood stars and other celebrities to endorse the product. In…
A reader and I are having a discussion about the limits of using laws to legislate morality. I referenced Justice Scalia’s dissent in the Lawrence v. Texas case, where he lamented that we are now at the point that there is no longer any legal basis for the citizenry to legislate moral decisions that don’t…
I put in and order on Saturday to buy a few more shares of Nestlé SA on Monday for my family’s personal accounts. I spent much of the weekend reading the company’s 125th anniversary biography and studying the original balance sheets and income statements of the firms that went into forming one of the world’s most profitable holding companies.