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Some Bubbling At Campbell Soup

Posted on May 16, 1993

In Business This Week

SOME BUBBLING AT CAMPBELL SOUP

David Johnson is turning up the heat on his turnaround at Campbell Soup. On May 4 the CEO announced that his 70 top executives must boost their holdings in company stock. For Johnson that means raising his stake from about $1.5 million to three times his base pay by yearend 1994. Some 30 other executives must hold at least 1,000 shares each. The soupmaker's stock rose 1/4, to just over 38, on the news. The shares, though, are still trading well below their 52-week high of 45 3/8. Campbell's board, which includes members of the company's founding family, said "mmmm-mmmm good" to the plan.EDITED BY JULIE TILSNER

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