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CBS 60 Minutes segment on Tabasco Sauce and the McIlhenney family..

Posted on 3/16/14 at 6:59 pm
Posted by Fishwater
Carcosa
Member since Aug 2010
5829 posts
Posted on 3/16/14 at 6:59 pm
Anyone else catch this? Do you think these people are billionaires? The reporter gave an estimate that they have sells of over $200 million each year. The CEO stated he was in the right town, but not the ballpark for a figure. They have to be...

CBS News story
This post was edited on 3/16/14 at 7:04 pm
Posted by Zantrix
Parts Unknown
Member since Nov 2009
7940 posts
Posted on 3/16/14 at 6:59 pm to
Da fuq is Tobasco?
Posted by LordSaintly
Member since Dec 2005
38900 posts
Posted on 3/16/14 at 7:00 pm to
quote:

Do you think these people are billionaires?


I don't think so, but I could be wrong.
Posted by oVo
Member since Dec 2013
11803 posts
Posted on 3/16/14 at 7:01 pm to
quote:

They have to be...
Posted by MRTigerFan
Baton Rouge
Member since Sep 2008
4181 posts
Posted on 3/16/14 at 7:04 pm to
I don't think any of them are billionaires. But there's probably quite a few multimillionaires in the family.
Posted by CP3LSU25
Louisiana
Member since Feb 2009
51150 posts
Posted on 3/16/14 at 7:05 pm to
They have to be billionaires. They have Tabasco at every single place in the country no matter where you go.
Posted by Alt26
Member since Mar 2010
28349 posts
Posted on 3/16/14 at 7:06 pm to
A billion is a BIG number, but they sell the stuff all over the world. I wouldn't be shocked if sales were that high
Posted by tgrbaitn08
Member since Dec 2007
146214 posts
Posted on 3/16/14 at 7:08 pm to
If they were billionaires wouldn't one of them be listed on Forbes?
Posted by TigerLicks
Dallas, TX
Member since Oct 2003
11546 posts
Posted on 3/16/14 at 7:08 pm to
If you incorporate company stock into their portfolio, then yes there are probably billionaires. It's a "family fortune" and has stayed that way. Most are probably being paid normal corporate salaries depending on position in the company.
Posted by hobotiger
Asbury Park, NJ
Member since Nov 2007
5195 posts
Posted on 3/16/14 at 7:09 pm to
If they ever sold the company they would def be billionaires. Considering it's the same family since it started I would say that the family worth has to be a billion at least
Posted by wickowick
Head of Island
Member since Dec 2006
45809 posts
Posted on 3/16/14 at 7:11 pm to
Don't they own a lot of land in central/ south America?
Posted by Fishwater
Carcosa
Member since Aug 2010
5829 posts
Posted on 3/16/14 at 7:12 pm to
quote:

If they were billionaires wouldn't one of them be listed on Forbes?


They are a private company who do not release their numbers to the public. All stock holders are family members. Currently a fifth generation is the CEO. They were offered a billion one time, but turned it down according to the story.
Posted by Napoleon
Kenna
Member since Dec 2007
69088 posts
Posted on 3/16/14 at 7:13 pm to
quote:

Tabasco at every single place in the world no matter where you go.


fify

though Crustal seems to be more popular in Asia and the mid east now.
Posted by tgrbaitn08
Member since Dec 2007
146214 posts
Posted on 3/16/14 at 7:14 pm to
Rgr that. I didn't see the story.

I wish I could have.
Posted by tgrbaitn08
Member since Dec 2007
146214 posts
Posted on 3/16/14 at 7:14 pm to
Rgr that. I didn't see the story.

I wish I could have.
Posted by Spankum
Miss-sippi
Member since Jan 2007
56030 posts
Posted on 3/16/14 at 7:15 pm to
quote:

They have to be billionaires. They have Tabasco at every single place in the country no matter where you go.


sitting at a cafe in budaphest, hungary...lady takes my order and asks where we are from...after hearing Louisiana, she sets a bottle of tabasco sauce on the table the next trip by...

most places in the world have tabasco sauce...
Posted by NewIberiaHaircut
Lafayette
Member since May 2013
11558 posts
Posted on 3/16/14 at 7:18 pm to
I used to go to their HQ often in a prior job and they were extremely nice but also extremely secretive. As a vendor, getting information out of them was one of the hardest things ever. The island itself is awesome and if you haven't been then you need to go!
This post was edited on 3/16/14 at 7:19 pm
Posted by Spaulding Smails
Milano’s Bar
Member since Jun 2012
18805 posts
Posted on 3/16/14 at 7:20 pm to
CBS wants me to pay $5 just to get the iPad app to read this story...son of a bitch cocksuckers
Posted by MiloDanglers
on a dock on a bay
Member since Apr 2012
6544 posts
Posted on 3/16/14 at 7:21 pm to
quote:

they have sells of over $200 million each year
Posted by PerceivedReality
South Cakkalakki
Member since Apr 2013
1057 posts
Posted on 3/16/14 at 7:22 pm to
good friends mom is/was a McIlhenney. their money is spread throughout a lot of family members. more than several multi-millionaires.
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