Case Studes in Entrepreneurship, Family Businesses, Social Entrepreneurship

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Paul Newman – At the Vanguard of Business Philanthropy



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Code : SEP0004

Year :
2004

Industry : Food, Diary and Agriculture Products

Region : USA

Teaching Note:Not Available

Structured Assignment : Not Available

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Introduction: PaulNewman, better recognised asButchCassidyor FastEddie Felson, is a nine-timeAcademy Award nominee.Awidely-acclaimed actor, hewon his firstOscar for his 1986 film, “TheColor ofMoney”. In1994, theMotionPictureAcademyawarded him“The JeanHersholtHumanitarian Award”, not for his on-screen performance, but in recognition of the charitable work done by him through his company, Newman’s Own. In 1980, Paul Newman and his long-time friend and writer,A.E.Hotchner distributed bottles of home-made salad dressing to their neighbours as Christmas present. When the neighbours came back for more, they decided to get into business on a small scale. In 1982, after a series of roadblocks and challenges, they set up their company, Newman’s Own. It went on to become a very successful venture...


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