Nestle's Stake In L'oreal Isn't L'oreal Managers' Concern
In "Nestle: A giant in a hurry" (The Corporation, Mar. 22), you give a misleading impression of L'Oreal's attitude toward shareholders. Chairman Lindsay Owen-Jones has never shown the least "opposition" to a potential majority shareholding in the company by Nestle. Indeed, he has consistently stated that executives should manage and not interfere in the separate domain of stockholder intentions or actions.
Managing Director, Communications