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Forbes Daily Briefing

Inside The Chaos At Boar’s Head

Forbes Daily Briefing

Forbes

Careers, Business, News, Entrepreneurship

4.612 Ratings

🗓️ 29 September 2024

⏱️ 5 minutes

🧾️ Download transcript

Summary

How a fatal listeria outbreak, a plant shutdown and a nasty beef among the founding families has left the billion-dollar deli meat empire in peril.

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Transcript

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0:00.0

Here is your Forbes Daily Briefing for Sunday, September 29th.

0:05.0

Today on Forbes, Inside the Chaos at Boers

0:10.0

When a recall rocks the food industry as much as the deadly Listeria outbreak linked to a Borshead factory in Jarrett, Virginia has,

0:18.0

the CEO or owners typically get in front of the news and try to instill a sense of calm.

0:25.0

But the families behind the 119 year old Deli Meet purveyor have been oddly silent.

0:31.0

The lack of response underscores how secretive Borshead has become.

0:35.0

A letter about the recall of more than 7 million pounds of ready to eat meat products,

0:40.0

posted on the company website is signed simply from quote

0:44.6

Borshead. A lone company spokesperson has been cited in media reports and the

0:49.9

company refuses to even confirm who the current CEO or chairman is.

0:55.0

It's likely Robert S Martin, one of the primary owners.

0:59.2

According to the Centers for Disease Control, at least 10 people have died and nearly 60 have been

1:04.4

hospitalized across some 19 states. Now in the aftermath of the deadly outbreak

1:10.1

the company that took a century to become the biggest deli meat brand in America

1:14.4

is facing an existential threat with multiple civil lawsuits and talks of a

1:19.3

congressional hearing as well as a Department of Justice investigation

1:23.0

that could come with criminal charges.

1:25.0

But the warring families who founded Borshead

1:28.0

seemed more concerned about a series of petty legal battles

1:31.0

over the billion dollar brand.

1:34.0

The brunkhorsts and the Bischofs, the two feuding families who own Borshead and have been fighting

1:40.0

over the ownership since 2021, should be at the center of the recall controversy.

...

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