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Ambitious, persistent--but cautious: those characteristics are also Brabeck hallmarks as he attempts to lead Nestle up its own steep mountain. He took over as chief executive in 1997 in the midst of a growth spurt that saw Nestle double its sales, to $60 billion, in a decade and cement its position as the world's largest food company. With brands that include Stouffer's frozen dinners, Perrier and Pellegrino water, Nescafe coffee, Friskies cat food, Carnation milk, Buitoni pasta and After Eight chocolate mints, it's the leader in hundreds of product categories worldwide. But Brabeck isn't satisfied...
...Back in 1970, Rowntree licensed the brand in perpetuity to Hershey. The only way for Nestle to get it back would be a change of heart--or a change of control--at Hershey. So when the Hershey Trust put the company up for sale last year, Nestle saw a ripe opportunity. Brabeck made an agreement with Britain's Cadbury Schweppes under which it would return Kit Kat and another brand, Rolo, to Nestle if Cadbury made the winning bid for Hershey. In the end, the Hershey Trust dropped its sale plans, but Nestle has not given up hope. Brabeck says...
...first witness to testify yesterday, Julie A. Sitler, said she was walking along Park Drive with her boyfriend when she saw Rodriguez, Abreu, and Colono on the sidewalk outside the 7-Eleven...
...performed for the freshman talent show,” says Taboada. “When I saw that, I thought ‘man this kid’s really good.’ Back in his room, he performed a set in front of us again, and I’m like ‘whoa, that’s pretty legit.’ He had mad agility. His hands were going crazy on the equipment...
...odyssey with Christianity began last summer at Wal-Mart, when I saw a teen New Testament amongst the romance novels and bargain blenders. Since I’m Jewish, I’d never gotten to read the Holy Bible and was quite curious. Sadly, it lacked a barcode; the cashier wasn’t able to sell it to me despite her declaration that not owning it “was a shame, because that’s one good book to have.” I took her words to heart and began my quest to understand...