Nestlé Has the Right Recipe
The global food giant Nestlé has jettisoned its chief executive officer in the midst of a disturbing share slump and reports of management turmoil. Now could be the time to buy.
The company, which produces everything from Nestlé Toll House chocolate chips to DiGiorno pizza, said it would have Laurent Freixe, a veteran executive, succeed CEO Mark Schneider effective Sept. 1. The announcement was a shock.
Although Nestlé's stock has performed poorly, so have the shares of many other food producers as consumers rebel against high prices...
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