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Essay specific features
Written by:
Joseph S
Date added:
November 30, 2014
Level:
University
Grade:
A
No of pages / words:
2 / 532
Was viewed:
243 times
Rating of current essay:
Essay content:
"The objective of the finance department
is to drive superior performance, not great reporting or holding fantastic conferences," he says. It will please
most shareholders that Reichenberger is not in the habit of trotting around Nestle's global empire showering
freebies on gatherings of accountants...
displayed 300 characters
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But with the financial markets populated by traumatized investors, it is a
brave CFO who plays down the importance of reporting.
Bean counting used to be central to the Nestle ethos. The business was about transforming agricultural products
into food then sitting back and stacking up the pennies. Well-known for its long-term approach, in the past Nestle
was criticized for overpaying for some acquisitions because of their predicted long-term benefits...
displayed 300 characters
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