At consulting firm Arthur D. Little there was an old consultant there in the 1990's who had once consulted to the family about contracts for their salt mine. Avery Island is built on a dome of salt. He had a fabulous time working with the family and he did one thing that made the client extremely happy. In the long-term contract for the salt mined on the island, he had them insert an inflation clause. Shortly thereafter inflation heated up (perhaps in the post-war years.) and the McIllhenny's were protected. He received a thank you package from them every year for years afterward.
To read the article click on this to the economist article.
Click on this link to connect to the tabasco web-site.
Post a Comment