3min chapter

HBR IdeaCast cover image

First He Saved Unilever. Now He Wants to Save Capitalism.

HBR IdeaCast

CHAPTER

What You Meaned When You Decided to Stop Giving Guidance

I made this announcement to stop giving guidance a quarterly reporting. And then we moved our compensation system quite quickly to the longer term. The share price had gone up eight % when i was announced as a c o, and i was happy to see it dropped again by eight%. I saw really a short term behavior in n unelever, and i just wanted to get rid of them. That in itself, is not the reason why the company turned around and became successful,. But it certainly allowed people to make the right decisions.

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