Nestle SA, the world’s biggest food maker, said full-year sales will be at the lower end of a forecast after reporting its slowest first-quarter revenue growth since 2009.
Nestle SA’s chairman said Switzerland is becoming more difficult as a business location after voters last month approved some of the world’s toughest limits on executives’ pay.
Nestle SA’s Nescafe Dolce Gusto portioned coffee brand will break even this year as the world’s largest food company expands its range of beverage machines, Chief Executive Officer Paul Bulcke said.
The Swiss vote today on whether to give shareholders some of the world’s strongest powers to determine the pay of top executives. Approval looks probable.
Swiss voters will probably give shareholders some of the world’s strongest powers to determine the pay of top executives, a plan opponents say will make Switzerland less attractive to big corporations.
Nestle SA has found something even better than single-serve coffee costing twice as much as ground java: a version that costs eight times as much.
Swiss company chief executive officers, including Roche Holding AG’s Severin Schwan and Nestle SA’s Paul Bulcke, earn some of the world’s highest salaries. That may soon change.
Swiss voters approved some of the world’s toughest limits on executives’ pay in a referendum, a move critics say could make Switzerland less attractive to multinational corporations.
Nestle SA , the world’s largest food company, has strong enough brands to compete in the U.S. single- serve coffee market without making acquisitions, Chief Executive Officer Paul Bulcke said.
The Swiss government must figure out how to translate some of the world’s toughest rules on executive pay into national law after voters overwhelmingly backed new curbs in a referendum.
"The start to the year reflects the caution we expressed in February."
- Paul Bulcke on Apr 17, 2013