Company Directory - Lamb Weston Holdings, Inc.
CCI Score
CCI Score: Lamb Weston Holdings, Inc.
-21.50
0.02%
Latest Event
Leadership Change Following Activist Pressure
Under pressure from activist investor Jana Partners, which holds over 5% of the company, Lamb Weston announced that longtime CEO Tom Werner would step down and be replaced by COO Mike Smith effective January 3. The change follows poor financial performance and calls for significant board and leadership overhaul.
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ACCOMPLICE
Lamb Weston Holdings, Inc. is currently rated as an Accomplice.
Latest Events
DEC202024Under pressure from activist investor Jana Partners, which holds over 5% of the company, Lamb Weston announced that longtime CEO Tom Werner would step down and be replaced by COO Mike Smith effective January 3. The change follows poor financial performance and calls for significant board and leadership overhaul.
+30
Executive Political Engagement
March 30
The activist investor's demands for board and leadership change led to a forced CEO transition. This responsiveness to shareholder pressure—despite being prompted by poor performance—signals a move toward greater accountability and improved corporate governance, aligning with anti-authoritarian values by resisting entrenched managerial inertia.
Lamb Weston replaces CEO, pressured by activist investor - Idaho Statesman
- DEC202024
Lamb Weston faces legal allegations of being involved in a cartel with other frozen potato companies, accused of conspiring to raise prices on products like french fries, hash browns, and tater tots simultaneously. The lawsuit claims that such coordinated price increases harm market fairness and consumer interests.
-50
Business Practices and Ethical Responsibility
March 30
The allegations of illegal price-fixing indicate unethical business practices that undermine fair market competition and harm consumers. Such conduct is inconsistent with ethical responsibility and transparency, reflecting a negative impact on societal trust and accountability.
Lamb Weston replaces CEO, pressured by activist investor - Idaho Statesman
- DEC162024
Activist investor Jana Partners, which holds over 5% of Lamb Weston, called for significant leadership changes and warned that a lack of response from the board could force the company to consider a sale. The demand for reform comes after months of engagement with the board, highlighting the need for improved accountability and governance.
+50
Executive Political Engagement
March 30
Jana Partners' public demand for a leadership overhaul is interpreted as a push towards greater transparency and accountability in corporate governance. This action promotes anti-authoritarian values by challenging existing leadership structures that have not responded to stakeholder engagement.
Jana Says Lamb Weston Should Overhaul Leadership or Seek a Sale
- NOV152024
Lamb Weston Holdings, along with other major frozen-food suppliers, is implicated in lawsuits alleging collusion to fix prices in the U.S. frozen potato market. The allegations, filed by Redner's Markets on November 15, 2024, claim that the companies conspired to inflate prices above competitive levels.
-40
Business Practices and Ethical Responsibility
March 30
The price-fixing allegations against Lamb Weston indicate engagement in unethical business practices that undermine market fairness and harm consumers. Such collusive behavior reflects a disregard for ethical responsibility and contributes to market distortions, which, while not directly supporting authoritarian regimes, signal a negative corporate practice under the business practices and ethical responsibility category.
McCain, Lamb Weston among frozen-food firms facing price-fixing lawsuits
- MAR182023
Teamsters Local 983 filed a complaint alleging that Lamb Weston refused to bargain in good faith, disciplined workers for union activities, and imposed excessive 12-hour shifts with little notice at their French fry processing plant in American Falls, Idaho.
-75
Labor Relations and Human Rights Practices
March 30
The complaint by Teamsters Local 983 accuses Lamb Weston of engaging in unfair labor practices including refusing to negotiate in good faith, disciplining union-supporting workers, and enforcing excessive working hours. Such actions undermine workers' rights and raise serious ethical concerns regarding labor practices, aligning with negative anti-fascist and pro-worker values.
- MAR222022
Teamsters Local 983 filed a complaint with the National Labor Relations Board against Lamb Weston in American Falls, Idaho, alleging multiple labor violations including refusal to bargain in good faith, imposing excessive forced overtime, disciplining union-activity participants, and plans to hire prison labor at below minimum wages.
-80
Labor Relations and Human Rights Practices
March 30
The complaint details severe labor violations including refusal to negotiate in good faith with union representatives, enforcing excessive work hours without proper notice, and considering the use of prison labor at below minimum wage. These actions undermine workers' rights and fair labor practices, reflecting an anti-worker, authoritarian practice that warrants a strongly negative score.
Teamsters Files Labor Complaint Against Lamb Weston in Idaho
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