Nestle(US:NSRGY) Xin Lang Cai Jing·2025-12-29 23:15Group 1 - The former CEO and Chairman of Nestlé, Peter Brabeck-Letmathe, expressed that the traditional paradigm of the food industry has reached its end, emphasizing a shift from merely producing calories to focusing on overall nutrition and well-being [10][31] - Brabeck-Letmathe criticized the "Minder Initiative," which mandates annual re-elections for board members, arguing that it leads to a short-term focus on quarterly performance rather than long-term strategy [3][25] - He highlighted that the excessive regulation in Switzerland has deterred multinational companies from investing, leading to a decline in new investments, particularly in the pharmaceutical sector [7][28] Group 2 - The former CEO noted that the board of directors at Nestlé has not consulted him since he stepped down as Chairman in 2017, indicating a disconnect between the current leadership and his vision for the company [11][32] - Brabeck-Letmathe expressed disappointment over Nestlé's return to a focus on food and beverage, which he believes undermines the progress made towards a more holistic approach to nutrition [10][31] - He mentioned that the financial policies adopted by the current management, including significant debt accumulation for stock buybacks, are detrimental to the company's long-term health [11][32] Group 3 - Brabeck-Letmathe's departure from the World Economic Forum was influenced by a conflict regarding the handling of serious allegations against Klaus Schwab, indicating governance challenges within the organization [14][37] - He believes that the World Economic Forum still has the potential to contribute to a rules-based multilateral world by serving as a platform for consensus-building [39] - The former CEO plans to participate in the Dakar Rally, marking a personal achievement after years of involvement in corporate leadership [18][39]