Take a look at the video on CNN: https://www.cnn.com/2019/02/21/investing/kraft-heinz-sec-investigation/index.html
and the article (attached) from the NY Times.
REQUIRED:
1. Write me a comment on the news in the context of – How does this affect you, the consumer. How does it affect you if you were an investor.
2. Point out some terms/concepts that we have read or discussed in class with the context of the article.
3. Also explain what the word materiality means in the context of this statement:
“Kraft said it launched an independent counsel review of its procurement practices after it received the SEC subpoena. The company said it “recorded a $25 million increase to costs of products” as a result of that investigation, but that they “were immaterial to the fourth quarter of 2018.” The SEC declined to comment.”
