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MadJack

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The richest executives


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<!-- /cnnFsbSlidesNav --><!--endclickprintexclude-->4. Ludmila Smolyansky

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<!-- /cnnslidePhoto*** --><!-- DATA FIELDS --><!-- /DATA FIELDS -->Title: Chairwoman
Company: Lifeway Foods
FSB 100 Rank: 49
Value of stock owned: $89.4 million
Value of options: $0 million
Total ownership value: $89.4 million
Before helping her husband build a multi-million-dollar company around products made with the European milk drink, kefir, Ludmila Smolyansky had already established herself as a local businesswoman. She operated a five-chain Russian delicatessen in Chicago, one of the first of its kind in the Windy City.
"She used to take me and my brother to work and give us little jobs, like putting labels on canned goods," recalls her daughter, Julie Smolyansky. "Seeing her and my father work really hard established a strong work ethic in us." Today, as chairperson of Lifeway Foods, Ludmila presides over a board of five directors and advises Julie, who took over as CEO in 2002.


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MadJack

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And the daughter.

Julie Smolyansky

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<!-- Display primary company first -->Director, President and Chief Executive Officer

Lifeway Foods Inc.

Morton Grove , IL
Sector: CONSUMER GOODS / Dairy Products

Officer since June 2002

<!-- Display every company other than primary --><!-- Age & Bio --><!-- Age & Bio -->33 Years Old
JULIE SMOLYANSKY was appointed as a Director, and elected President, CEO, CFO and Treasurer of the Company by the Board of Directors to fill the vacancies in those positions created by the death of her father, Michael Smolyansky, in June 2002. She is a graduate with a Bachelor's degree from the University of Illinois at Chicago. Prior to her appointment, Ms. Smolyansky spent six years as the Company's Director of Sales and Marketing. She currently holds no other directorships in any other reporting company. Ms. Smolyansky is the daughter of Ludmila Smolyansky, the Chairperson of the Board. In 2004, Ms. Smolyansky resigned as CFO and Treasurer and Edward Smolyansky, Ms. Smolyansky's brother, was appointed to such positions
 

MadJack

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Hubby's dead. . . .it's not surprising that you think it's funny
Ah, it's son and daughter running the show. Nice little gig they grew into, huh?

They just keep getting bigger and bigger and bigger. The graph, for them, just keeps sliding upwards. The stock just sits there.

What are these people hoping for that are holding the stock? Big players too. :shrug:
 

BobbyBlueChip

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Belly of the Beast
They're a $50MM company in sales and when dad died not that long ago, they were $10MM, so the kids have done well.

I think the end game is that Danone (20% holder) buys the Company. They are the biggest name in Kefir, but there's no real "asset" that they have except their brand and their margins would decrease significantly if there was ever any real competition. The upside is only doubling your money, but I don't see any significant short-term downside.
 

MadJack

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They should change the name to FatAss Foods :sadwave:
I imagine she doesn't touch the shit they make. She eats anything she wants anytime she wants. She be livin the dream :shrug:
 

MadJack

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Meanwhile, the market today :00x11
 

BobbyBlueChip

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I imagine she doesn't touch the shit they make. She eats anything she wants anytime she wants. She be livin the dream :shrug:

:hitit:

It's not diet food, it helps you become more regular. You old guys should love it.

It's like cleaning out your system but without fletcher posting all about it on a message board.
 

MadJack

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It's not diet food, it helps you become more regular. You old guys should love it.

As long as their is a 7am I am regular.

Anything about drinking anything that resembles milk or is milk is not something I want.
 
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