Electing s corp status for llc

By Saabira Chaudhuri The Wall Street Journal Tues., Oct. 23, 2018 Nestlé SA’s chairman is facing mounting opposition from some shareholders who say the former chief executive isn’t helping his successor’s efforts to reinvigorate growth at the world’s largest packaged-foods maker. The maker of Nescafe coffee and Purina pet food has been under pressure since activist investor Daniel Loeb’s Third Point LLC disclosed a $3.5 billion (U.S.) stake in the company last year and called for a raft of changes. Billionaire Mr. Loeb, who is working to rally support from other shareholders, has asked Nestlé to sell its 23% stake in beauty company L’Oréal SA. He has also criticized Chairman Paul Bulcke—appointed in 2017 after eight years as CEO—for being “too comfortable with the status quo.” Nestlé has in turn sought to boost returns by investing in higher-growth categories like coffee, while selling … [Read more...] about Investor disquiet at Nestlé grows beyond activist third point