What happens to Kelloggs when they can't down size anymore. Big problems then are coming for Kelloggs. If they can't get the sales to increase which they are not Interested in doing. It spells DOME. I give them about a year or less
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The leadership team could care less in the long view. They could set the company on fire and still walk away with their massive stock options and board approved multi million dollar golden parachutes. Improving a companys financial outlook is probably tertiary to stock price and making sure they are making their millions. If they did care I challenge them to put their compensation where their mouth is: NO executive pay until Kelloggs sees a positive sales result over 4 quarters. No stock options etc... Nothing.
Guaranteed they would never do that!
They would rather put up to 10k employees out of work.
Shameful. Sad.
Sorry for the wrong info. Down 5% over all. Keebler side of company down 6%. This is just the beginning. Going to get very bad.