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- Claim Text
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When Mr. Freixe was named chief executive less than a year ago, Nestle’s stock had dropped nearly 40 percent from its high in early 2022, as a new breed of weight-loss drugs began to shift eating habits across Europe and the United States.
- Simplified Text
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Nestlé's stock dropped nearly 40 percent from early 2022 high when Laurent Freixe was named CEO
- Confidence Score
- 1.000
- Claim Maker
- The author
- Context Type
- News Article
- Context Details
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{ "person": "Laurent Freixe", "stock_drop": "40%", "organization": "Nestl\u00e9", "year_stock_high": "2022" } - UUID
- 9fc87373-5a69-4caa-a68a-b736483cd9f9
- Vector Index
- ✗ No vector
- Created
- September 2, 2025 at 5:06 PM (6 days ago)
- Last Updated
- September 2, 2025 at 5:06 PM (6 days ago)
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6 days ago
https://www.nytimes.com/2025/09/01/business/nestle-laurent-freixe-inappropriate-relationship.html?campaign_id=9&emc=edit_nn_20250902&instance_id=161721&nl=the-morning®i_id=122976029&segment_id=205087&user_id=b25c5730c89e0c73f75709d8f1254337
Nestlé fired CEO Laurent Freixe for violating the company's code of conduct by having a relationship with a subordinate. An investigation led to his dismissal and replacement by Philipp Navratil. The news follows a period of stock decline for Nestlé.
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