In 1996, CEO Theodore Host was ousted by Horace Hagedorn and the Scotts' board of directors. Host was replaced by Charles M. Berger, a former Miracle-Gro director, who was also made president and chairman of the board of Scotts. Horace Hagedorn's son, James, was promoted to the head of all U.S. business.
Other Risks
In recent years Scotts has been aggressively expanding its LawnService business and has began to explore the possibility of expanding its brands into other segments such as potted plants, pottery, watering equipment and garden tools. The threat of EPA suits brought against the company by large governmental entities is very real and diversification is important to steady the high risk portion of a company with low-risk product lines.
Works Cited
Corporate Watch, Scotts: A Corporate Profile. 2006. Website http://www.corporatewatch.org.uk/?lid=367.
Cuomo, Andrew. The Secret Hazards of Pesticides. Office of the New York State Attorney General, Environmental Protection Bureau, (Audit Report E1EPF1-05-0117-1100378, Sept. 27, 1991) 1996.
Pederson, J.P.…
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