The motto of Minnesota's MacMillan family, heirs to the Cargillfortune, could be that the only good mouth is a closed one - unlessit happens to be eating a grain-based food product.
One of Minnesota's wealthiest clans, the MacMillans also havebeen one of its most doggedly secretive. But the recent publicationW. Duncan Macmillan of Wayzata, offers the closest look yet at theprivate lives behind the largest privately held company in theworld.
Anyone hoping for a scandal-laced tell-all will be sorelydisappointed. In fact, sensational or otherwise, information on thecurrent activities of any Macmillans still living is scant. WhitneyMacMillan , Duncan's cousin, is generally credited with runningCargill very well in the 1970s through mid-1995, when the companyrealized much of its growth.
This book primarily paints portraits of Duncan's grandfather,John Hugh MacMillan , and father, John H. MacMillan Jr., who were themost instrumental figures in shaping what today is a $51 billionCargill business, and laying the groundwork for the company's statusas a dominant player in the international food market anddiversification into finance and other business arenas.
As portrayed in the book - published by theMacMillan -bankrolled Afton Historical Press - both men were theright leaders at the right time. John Sr. was a cautious,by-the-numbers type who revived a company foundering from thedepression of the 1890s, and John Jr. was a relatively bold,experimental type whose instincts brought further expansion in thegrowth boom of the 1950s.
Even though Duncan MacMillan can afford to throw things away,he "never much liked to," he said in a recent interview at his homein Wayzata. Excerpts from his collection of family letterscomprise the most interesting and revealing inclusions in thebook.
Today, no MacMillans are active in the company's day-to-dayoperations, although several sit on its board. Neither Duncan norhis older brother John Hugh III, who lives in Florida, ever emergedas key leaders of Cargill. Those roles were filled by his cousinsWhitney MacMillan , who ran the family business for nearly 20 yearsbefore retiring in 1995, and his brother, Cargill MacMillan Jr.With an estimated personal worth of $975 million each, the threeheirs are tied for the position of 5th richest Minnesotan, accordingto Forbes magazine.
"I don't think the rest of the senior members of the familyare all too happy about the book. I didn't ask. The youngergeneration is OK with it," he said.