Wednesday, February 2, 2011

Heart Unilever

Why those 10Qs can be poisonous:

An unusually candid comment from Unilever CEO, Paul Polman, was highlighted by Financial Times columnist Michael Skapinker in a November 22, 2010 op-ed article. “Unilever has been around for 100-plus years. We want to be around for several hundred more years. So if you buy into this long-term value-creation model, which is equitable, which is shared, which is sustainable, then come and invest with us. If you don’t buy into this, I respect you as a human being, but don’t put your money in our company,” Polman said. With Unilever no longer giving earnings guidance, he added, “We certainly don’t want to attract the investor base that wants higher and higher and quicker results against targets that we put out every 90 days.”