Wednesday, July 22, 2015
The CEO Of Unilever Explains Why He Is Paid Too Much
Paul Polman is not the typical CEO in many ways. In this interview he takes positions of many issues that separate him from most CEO's and he explains why he no longer provides quarterly guidance to investors. He is very much like Warren Buffet on that issue. He wants shareholders who are concerned with the longer term prospects of Unilever. Quarterly reviews place the management focus on short term financial targets. Like Buffet, he argues that a company cannot be successful when it worries obsessively about quarterly performance and fluctuations in the stock price.