Steve Cahillane Discusses Merger Savings Impact
In an interview on CNBC's Mad Money, Steve Cahillane said all the savings from the merger went to the bottom line instead of being reinvested in the company's brands. There are lot of equity building opportunities for the brands with the right investment, he noted. Berkshire holds a significant stake in the company, but it's no longer on the board, he added. 35% of the business was gaining or holding share, up from 21% last year.
