By Sara Haralson
October 29, 2015

Can Irene Rosenfeld fend off another powerful activist investor? The CEO of Mondelez International talks with Fortune’s Susie Gharib about how the snack food company is dealing with a feisty new shareholder—Bill Ackman. Recently, Ackman’s hedge fund Pershing Square Capital bought a 7.5% stake in the company. No word yet on what Ackman is planning, but Rosenfeld defends her company’s “excellent record” and vows to continue focusing on growing profits and revenues.

Just a year ago, Rosenfeld diffused a challenge from activist investor Nelson Peltz of Trian Fund Management. She added him to the Mondelez board and pushed ahead with a plan to cut costs. Does Rosenfeld have another fight in her? She says, “This is not about fights. This is about doing what’s right for our shareholders.”


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