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Nestle’s Bulcke Optimistic About Growth, But Warns Country About Pay Limits

December 12, 2015: 12:00 AM EST
In an interview with a Swiss newspaper, Nestlé CEO Paul Bulcke said the company will stick to its medium- to long-term growth targets of five to six percent in a tough market environment. But he also warned that the company might leave Switzerland if the country imposes limits on executive pay and immigration that hamper staffing decisions. Referendum votes in Switzerland in 2013 and 2014 that urged immigration quotas and ceilings on executive compensation constitute threats to business, Bulcke said. But similar recent votes that failed indicate “wisdom is returning.”
"Nestlé CEO says won't revise targets, leaves board move open –paper", Reuters, December 12, 2015, © Thomson Reuters
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