RBC Capital Markets analysts David Palmer and Christopher Carril believe that certain CEOs in the packaged food industry are much like those profiled in William Thorndike’s 2012 book The Outsiders - a group of CEOs known for their obsession with (among other themes) capital allocation, free cash flow and growth in value per share.
“His performance as Burger King Worldwide Inc (NYSE:BKW) CEO demonstrated his (and 3G’s) intense focus on cost-cutting and his leadership at Heinz is one of the reasons why we believe H.J. Heinz Company (NYSE:HNZ)’s results have the potential to cause disruption in the packaged food world,” say the RBC analysts in their April 25, 2014 research note, referring to Bernardo Hees, current CEO of Heinz and...
