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Swiss CEOs and board members, including UBS's Sergio Ermotti and Holcim's Jan Jenisch, often receive significantly higher compensation than reported due to undervalued share portfolios. For instance, Ermotti's 2023 earnings could have reached CHF 18.4 million if shares were valued accurately, while Jenisch's total compensation included CHF 48 million, largely from stock options. Roche's Severin Schwan and Nestlé's Mark Schneider also illustrate this trend, with substantial portions of their pay linked to undervalued shares.
Swiss CEOs, including UBS's Sergio Ermotti and Holcim's Jan Jenisch, are criticized for receiving substantial hidden bonuses due to undervalued share packages. Ethos Foundation highlights that these packages are often valued significantly below market rates, inflating actual remuneration over time. For instance, Ermotti's compensation could have reached CHF 18.4 million if shares were valued correctly, while Roche's Severin Schwan also benefits from similar undervaluation practices.
Nestlé S.A. faces significant challenges as its share price has halved since 2021, returning to levels seen a decade ago. New CEO Laurent Freixe has warned of lower growth projections and increased marketing budgets, which may further erode margins. The company is also considering spinning off its bottled water division, reflecting a strategic shift from previous leadership that prioritized unsustainable margin requirements.
Nestle SA's stock has plummeted 25% this year, prompting J. Stern & Co. to increase its holdings, deeming the shares "far too cheap." Following the ousting of its CEO and reduced sales guidance, analysts are cautiously optimistic about a turnaround under new CEO Laurent Freixe, with expectations of a 20% stock rise in the next year. Despite the challenges, market sentiment suggests the selloff may have been excessive, particularly given Nestle's strong product portfolio in coffee, pet care, and nutrition.
2024 has been a tumultuous year for the food and drink sector, marked by significant changes such as Nestlé's leadership transition and Unilever's decision to separate its ice cream business. The European Deforestation Regulation faced delays amid industry panic, while ultra-processed foods drew increased scrutiny. Meanwhile, the rise of GLP-1 drugs promises to reshape consumer eating habits, and the plant-based market shows signs of recovery after a downturn.
Mark Schneider, the former CEO of Nestlé, has been nominated to become Chairman of the Siemens Supervisory Board until 2027, with a proposal to shareholders set for February 13. Current Chairman Jim Hagemann Snabe will also be up for reappointment for a two-year term. Siemens plans to propose an increase in the annual dividend from 4.7 to 5.2 euros per share, which contributed to a 1.7% rise in Siemens shares on the Frankfurt Stock Exchange.
Siemens has proposed Mark Schneider, the former CEO of Nestle, as the potential successor to Jim Hagemann Snabe as chairman of its supervisory board by 2027. Snabe, who plans to manage his succession effectively, expressed confidence in Schneider as an excellent candidate. The annual general meeting for the supervisory board election is scheduled for February 13, 2025, alongside a proposed dividend increase to 5.20 euros from 4.70 euros.
Siemens has proposed Mark Schneider, the former CEO of Nestle and Fresenius SE, as the potential successor to Jim Hagemann Snabe as chairman of its supervisory board by 2027. Snabe, who plans to manage his succession effectively, aims for a transition within two years if re-elected in February 2025. Additionally, Siemens announced a proposed dividend increase to 5.20 euros from 4.70 euros the previous year.
Siemens has nominated former Nestle CEO Mark Schneider to head its supervisory board starting in 2027. Current chairman Jim Snabe plans to manage a transition before his term ends in February 2025, emphasizing Schneider as an excellent candidate. Additionally, Siemens proposed a dividend increase to 5.20 euros from 4.70 euros.
Mark L. Schneider
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Swiss executives benefit from undervalued share portfolios boosting their earnings
Swiss Franc
Novartis AG
Holcim Ltd.
UBS Group AG
Roche Holding AG
CHE
Vas Narasimhan
Mark L. Schneider
Thomas Schinecker
Sergio Ermotti
Severin Schwan
Jan Jenisch
Show more
06:04 11.05.2025
swiss ceos benefit from undervalued share packages boosting their bonuses
Swiss Franc
Novartis AG
Holcim Ltd.
UBS Group AG
Roche Holding AG
CHE
Vas Narasimhan
Mark L. Schneider
Thomas Schinecker
Sergio Ermotti
Severin Schwan
Jan Jenisch
Show more
20:47 09.05.2025
nestlé faces growth challenges and strategic shifts amid declining share price
10:55 06.01.2025
nestle stock faces historic drop as investors see turnaround potential
Swiss Franc
The Goldman Sachs Group Inc
Citigroup Inc.
Nestle SA
Morgan Stanley
CHE
Jon Cox
Cedric Besnard
Mark L. Schneider
Christopher Rossbach
Laurent Freixe
Olivier Nicolai
Sarah Simon
Cedric Norest
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10:13 20.12.2024
nestle stock seen as undervalued amid leadership changes and market concerns
food industry highlights of 2024 from leadership changes to market trends
United States Dollar
Nestlé S.A.
Beyond Meat, Inc.
McDonald's Corporation
Unilever PLC
Hein Schumacher
Mark L. Schneider
Laurent Freixe
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16:01 12.12.2024
siemens appoints former nestle ceo mark schneider as future chairman
16:48 11.12.2024
Siemens proposes Mark Schneider as supervisory board chairman by 2027
Euro
Nestlé S.A.
Fresenius SE & Co. KGaA
Siemens Energy AG
DEU
Jim Hagemann Snabe
Mark L. Schneider
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16:20 11.12.2024
siemens proposes mark schneider as supervisory board chairman by 2027
Euro
Nestlé S.A.
Siemens Energy AG
Fresenius SE & Co. KGaA
DEU
Jim Hagemann Snabe
Paul Arnold
Marleen Kaesebier
Madeline Chambers
Mark L. Schneider
Alexander Huebner
Show more
16:10 11.12.2024
Siemens proposes Schneider as supervisory board head starting in 2027
16:10 11.12.2024
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