date:Sep 11, 2013
08 after a decade in the job but stayed on as chairman with a remit to review Nestle's stakes in L'Oreal and eye care firm Alcon, which the firm sold later that year.
Nestle has no urgent need to sell its L'Oreal stake, which contributes roughly 10 percent of its earnings per share. It does not need the cash; it had 3.9 billion Swiss francs ($4.1 billion) as of end-June and generates earnings before interest, depreciation and amortization of around 18 billion francs.
Nestle is also still integ