USA: Unilever - profits fall, but the future's still paved with gold - COMMENT
Unilever will modify its board pay scheme following last week's Q1 results. The consumer products giant last week reported a smaller than expected fall in profits, which was well received by investors - particularly since sales and margins saw strong growth. While it's hit short-term earnings, Unilever's cost-cutting "path to growth" strategy seems to be paying off in the long term. Relating executive pay to performance should boost the effort further.
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