Berkshire's Abel Lauds Kraft Heinz Turnaround, Eyes Future Split

On Saturday, The Kraft Heinz Company (NASDAQ:KHC) drew fresh attention after Berkshire Hathaway CEO Greg Abel backed CEO Steve Cahillane for halting work on a previously announced plan to split Kraft from Heinz. The pause comes as Cahillane tries to reset performance after fourth-quarter adjusted EPS fell 20.2% to 67 cents and management outlined a $600 million push to reignite growth, details that were laid out in planned breakup pause coverage. CNBC reports Cahillane told investors he has been in the j ...