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| Economy |
| Nestle warns of possible exit from Switzerland |
| 2009-09-16 |
| The world's biggest food company Nestle could leave its homebase Switzerland if Bern imposes a cap on executives' salaries, the group's chairman said in remarks published on Sunday. "It would be the beginning of an end," Peter Brabeck told Swiss newspaper Sonntag, in reply to a question about calls for the federal government to impose salary ceilings. Asked what kind of consequences such a move might have on Nestle, a national corporate icon, Brabeck replied: "Then we must ask ourselves whether Switzerland is still the right location for us." |
| Posted by:Fred |
| #7 If they're smart, P2k, the executives have already moved most of their money to the Caymans.... |
| Posted by: Barbara Skolaut 2009-09-16 20:16 |
| #6 "I like Cadbury's, myself. Or Godiva. Does that make me a chocolate snob?" I should certainly hope so, Sgt. Mom. :-D I go for Lindt & Sprüngli myself (when I can get it). |
| Posted by: Barbara Skolaut 2009-09-16 20:13 |
| #5 Preceeded by silence and abject denial for a few decades as well eh P2k? |
| Posted by: Besoeker 2009-09-16 19:37 |
| #4 I like Cadbury's, myself. Or Godiva. Does that make me a chocolate snob? |
| Posted by: Sgt. Mom 2009-09-16 19:35 |
| #3 Maybe the Swiss should just ask for the same level of proof they ask the surviving family members of the Holocaust with Swiss accounts before allowing the executives to move any personal money from the country. That should tie it up nicely for forty years. |
| Posted by: Procopius2k 2009-09-16 19:33 |
| #2 That's ok with me, Hersheys has Nestles beat all hollow. Nestles is bitter. |
| Posted by: Redneck Jim 2009-09-16 17:05 |
| #1 No blood for chocolate! |
| Posted by: no mo uro 2009-09-16 06:20 |