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Berkshire Hathaway’s new CEO likes the surprise course reversal announced this week by the new CEO of Kraft Heinz
In the food company’s Q4 earnings release, Steve Cahillane said in the time since he joined the company five weeks ago, he has “seen that the opportunity is larger than expected and that many of our challenges are fixable and within our control.”
As a result, he’s decided to “pause work” on the planned separation of Kraft from Heinz that was announced last September. It would have essentially reversed the merger Warren Buffett helped orchestrate in 2015.
