Seeking Alpha

Peers could feel the squeeze as Heinz cuts the fat

  • Heinz (HNZ) has cut hundreds of jobs and axed 11 senior executives since being bought out by Berkshire Hathaway and 3G Capital.
  • Part of the pressure on the company post-takeover is scrapping together the cash to pay out Berkshire's 9% dividend on preferred shares.
  • Analysts think the developments at Heinz are of interest to Campbell Soup (CPB) and Mondelez International (MDLZ) where the same tight cost discipline might become a priority.
Comments (3)
  • Energysystems
    , contributor
    Comments (1225) | Send Message
     
    Wouldn't that be a....good thing?
    19 Sep 2013, 10:35 AM Reply Like
  • luckymulloy
    , contributor
    Comments (124) | Send Message
     
    PLEASE: The word is scraping.
    19 Sep 2013, 01:02 PM Reply Like
  • BeachChicken
    , contributor
    Comments (215) | Send Message
     
    Absolutely ... good to know I'm not the only one raising an eyebrow :)
    19 Sep 2013, 03:03 PM Reply Like
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