E! News anchor Catt Sadler quit after finding out her male co-host made almost twice her salary for doing the same job. After trying to negotiate with NBC, she claims she was denied equal pay. Jennifer Cunningham, Senior Editor at Bossip, joins Cheddar to discuss the growing problem of the gender pay gap.
E! News released a statement saying, "E! compensates employees fairly and appropriately based on their roles, regardless of gender. We appreciate Catt Sadler's many contributions at E! News and wish her all the best following her decision to leave the network." Many actresses in Hollywood have stood with Sadler and expressed their admiration for her taking a stand.
Cunningham says this gender pay gap issue isn't just in Hollywood and urges women to talk to their superiors. She says it's not about what management thinks a woman deserves, it's about the work she does being reflective of the money she makes to do it.
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
