Bloomberg Podcasts
@bloombergpodcasts·503K subscribers·32.4K videos
"Morals are not for sale": Former Unilever boss on why he turned down a $100M payout
Posted
December 7, 2023
Views
8,940
Likes
102
Comments
4
Engagement
December 7, 2023
8,940
102
4
1.19%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
See what was published immediately before and after this episode.
0:10Now PlayingFormer Unilever boss Paul Polman explains why he turned down a $100 million payout on this week's In the City.
"Morals are not for sale"
Watch the full episode
When former Unilever Chief Executive Officer Paul Polman was approached by Kraft Heinz with an offer many would find too good to refuse—a $143 billion takeover bid with a personal payout of $110 million—he says he turned it down. “They think everything is for sale,” he says. “Morals are not for sale.”
Polman, 67, who worked for Procter Gamble and Nestle before Unilever, joins David Merritt and Francine Lacqua on this week’s In the City to share lessons he learned while CEO, and why he says running a company is more than maximizing shareholder returns. “If you would listen to all the shareholders and do what they were asking you to do, your company would be bankrupt before you knew it.”
Watch part 1
Is London having another moment? Shaken by Brexit, decimated by the pandemic, threatened by new ways of working and a worsening cost-of-living crisis, the city remains Europe’s (and arguably the world’s) beating heart for finance and for culture. In the wake of turmoil, The City of London is reinventing itself. Every week on In The City, Bloomberg’s Francine Lacqua and David Merritt go behind the scenes in the Square Mile and the wider metropolis, uncovering the stories and speaking to the people that matter.
Subscribe to Bloomberg Podcasts
Listen to more of In The City
#Business #London #Podcast #Finance #Markets #Unilever
Follow Bloomberg Podcasts on Twitter
Visit our other YouTube channels:
Bloomberg Television
Bloomberg Originals
For coverage on news, markets and more
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
