Nestle’s shares dropped over 2.5% following the immediate dismissal of CEO Laurent Freixe due to an investigation into a romantic relationship with a direct employee that violated company policy. Freixe, who had been with Nestle since 1986, is replaced by Philipp Navratil, marking the second CEO departure in a year as Nestle’s stock has struggled, losing nearly a third of its value in five years.
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Media Insider: TVNZ news story on Destiny Church investigation breached secret interviewee’s privacy by revealing her face to some viewers
TVNZ has apologized and been ordered to pay $500 after the Broadcasting Standards Authority identified a "serious mistake" in revealing the identity of a domestic abuse victim and former Destiny Church member during a news story. Following this incident, the broadcaster announced it would change its filming practices to prevent similar privacy breaches in the future. Want More Context? 🔎
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