Ben & Jerry’s Homemade Ice Cream Inc.: Keeping the Mission(s) Alive

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Ben & Jerry’s Homemade Ice Cream Inc.: Keeping the Mission(s) Alive 392-025

4. 
   This Board of Directors of Ben & Jerry’s recognizes that their compensation is linked to others in the company and that they benefit as others benefit.
   

Policy Goal

The corporate goal is to maintain excellent compensation packages for entry-level employees and thereby enable top management to achieve market rates.

392-025 -14-


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Exhibit 2 Ben & Jerry’s—Financial Highlights ($000)





1990

Forecast 1989 1988 1987 1986 1985 1984 1983 1982 1981

Net sales $75,000 $58,464 $47,561 $31,838 $19,954 $ 9,858 $4,115 $1,815 $968 $615 Cost of sales 41,660 33,935 22,673 14,144 7,321 2,949 1,239 586 309

Gross profit $16,804 $13,626 $9,165 $5,810 $2,537 $1,166 $576 $382 $306

Selling, general,

& administrative 13,009 10,655 6,774 4,101 1,812 822 479 366 273

Operating income $3,795 $2,971 $2,391 $1,709 $725 $344 $97 $16 $33 Other income (362) (274) 305 208 (31) (13) (26) (11) (4)

Income before tax 3,433 2,697 2,696 1,917 694 331 71 5 29

Income taxes 1,380 1,079 1,251 901 143 118 14 0 0 Net income $2,400 $2,053 $1,618 $1,445 $1,016 $551 $213 $57 $5 $29