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Danone's CEO has been ousted for being progressive – blame society not activist shareholders

By Arturo Bris, Professor of Finance, International Institute for Management Development (IMD)
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Danone’s chief executive and chairman, Emmanuel Faber, is to step down after activist shareholders called for his removal. In particular Artisan Partners and Bluebell Capital Partners, which together own less than 6% of the Paris-based food giant, explicit…


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