“Nestlé, the proud, Swiss tradition-steeped company, suddenly appears to be a madhouse,” laments the Neue Zürcher Zeitung, a Swiss daily. Barely a year after ousting its previous chief executive, Mark Schneider, on September 1st the board of the world’s biggest food firm sacked his successor, Laurent Freixe, for not disclosing a romantic relationship with a subordinate. The turbulence at the top is unprecedented in the 159-year history of the company.
in Business
