Kraft Heinz cut expenses too deeply under private equity management, its new CEO says

Source: Business Insider

Kraft Heinz became famous for its use of zero-based budgeting over the past decade. Zed Jameson/Bloomberg via Getty ImagesKraft Heinz got "too lean" after budget cuts over the past decade, CEO Steve Cahillane said. The company behind Kool-Aid and Lunchables cut costs under private-equity ownership.