Love me some spam. And, it could be a decent source of nutrition if it wasn't for the salt. With the amount of salt they add in, it becomes a lethal weapon.

"...The CEO of Hormel Foods...also acts as...president and chairman..."

Nope, all have different functions. But, they can be parallel. However, I believe there is old data out there and mentions that taking on the role of each only hurts a company. Since it's an easy way to save money though (at least CEO and President), it's common. What I've found in my later years is that they stay combined like that for 2 reasons...1. It gives them leverage to buy their way out of bad situations (e.g., blackmailing the CEO/President by another executive can use this for leverage and give the blackmailer the position...which is just one example of many, and 2. It allows them to create a simple solution for problems (e.g., stock price goes way down so they can say they 'hired' a new President), which doesn't actually mean anything as the new P is typically an existing executive but the optics look good to the public.

You may think those examples sound outlandish but you'd be wrong. That's business at the rich, executive level. They don't just think in just sales numbers, they think in terms of how to manage the bottom line for all circumstances that aren't directly sales related.