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

Kraft Heinz became famous for its use of zero-based budgeting over the past decade. Zed Jameson/Bloomberg via Getty Images Kraft 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. Now, Kraft Heinz is looking to reinvest in its business and improve its financial results. Kraft Heinz, the company known for hot dogs, ketchup, and mac and cheese, has gone hungry for too long,...