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Campbell Soup heirs stand with companies against activist Third Point



Campbell Soup heirs, who hold around 41 percent of the company's stock, came in Wednesday to fight activist Dan Loeb in support of the Soup Company.

Descendants of John T. Dorrance, the man many say have invented condensed soup, have not always focused on whether the best option for the soup company would be to sell or remain independent

Most faithful are Bennett Dorrance and Mary Alice Dorrance Malone, children of Campbell's former chairman. The two, who own 33 percent of the firm, are considered some of Loeb's toughest family enemy by people familiar with family dynamics.

Her nephew Archbold van Beuren is younger, which suggests that he could more easily be persuaded by Loeb's campaign. He is one of the few family members to hold several senior positions at Campbell, including a family trustee at the Campbell Voting Trust, which holds other offspring at 7.9 percent.

Campbell shares fell nearly 4 percent on Wednesday morning


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