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A maximum of the likelihood function occurs at the same parameter-value as a maximum of the logarithm of the likelihood (the "log likelihood"), because the logarithm is an increasing function. The log-likelihood is easier to maximize, especially for the multiplied likelihoods for independent random variables. [77]
The company is now run as part of Heinz Watties Limited, a subsidiary of Kraft Heinz. The company employs over 200 people in its two factories. The Dunedin North factory has operated on the same site since 1925; the East Tāmaki site in Auckland was opened in 1972 and now contains the current head office.
Ore-Ida is an American brand of potato-based frozen foods currently produced and distributed by Kraft Heinz's, H.J. Heinz Company Brands LLC. based in Pittsburgh, Pennsylvania. Ore-Ida's primary production facility is located in Ontario, Oregon, near the Idaho border where the company was originally founded in 1949. [3] [4]
Maxwell House is an American brand of coffee manufactured by a like-named division of Kraft Heinz in North America and JDE Peet's in the rest of the world. Introduced in 1892 by wholesale grocer Joel Owsley Cheek, it was named in honor of the Maxwell House Hotel in Nashville, Tennessee, which was its first major customer. [1]
Abel began his career as a chartered accountant with PricewaterhouseCoopers in their San Francisco office. In 1992, he joined CalEnergy, a geothermal electricity producer. [ 2 ] In 1999, CalEnergy acquired MidAmerican Energy , adopting its name, and Berkshire Hathaway acquired a controlling interest later that year.
In his early career, Johnson held management positions at Drackett, Ralston Purina, and Anderson-Clayton Foods before joining Heinz in 1982 as general manager of new business. In 1988, as president and CEO, Johnson turned around the poorly performing Heinz Pet Products. In 1992, he did the same thing at the highly visible Starkist Foods.
Kraft's acquisition of Capri Sun was expected to strengthen the former's share in the juices and drinks market and increase the latter's marketing power. [49] The acquisition covered marketing rights in the United States (extending to Puerto Rico), Canada, [e] and Mexico, [f] [55] the former two of which Kraft retains rights in as of 2022. [56]
Robert Kenneth Kraft [1] (born June 5, 1941) is an American billionaire businessman. He is the chairman and chief executive officer (CEO) of the Kraft Group, a diversified holding company with assets in paper and packaging, sports and entertainment, real estate development, and a private equity portfolio.