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Essay text:
"The objective of the finance department
is to drive superior performance, not great reporting or holding fantastic conferences," he says. It will please
most shareholders that Reichenberger is not in the habit of trotting around Nestle's global empire showering
freebies on gatherings of accountants. But with the financial markets populated by traumatized investors, it is a
brave CFO who plays down the importance of reporting.
Bean counting used to be central to the Nestle ethos. The business was about transforming agricultural products
into food then sitting back and stacking up the pennies...
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