Chief Compliance Officer at Hershey Trust Put on Leave Amid Internal Strife

The top in-house lawyer at the $12 billion Hershey Trust Company, the chocolate company’s controlling shareholder, was placed on administrative leave starting this week amid infighting and turnover on the board and state investigations into misuse of funds by board members.

Chief compliance officer Marc Woolley had been in the news after his internal memo describing infighting among board members was reported on by the Philadelphia Inquirer. It reported on Woolley’s removal earlier today.

Woolley’s memo described how the trust had hired outside law firms including Weil Gotshal & Manges and Zuckerman Spaeder at a cost of more than $3.6 million to investigate various alleged ...