1. www.csrajivbajaj.com
THOUGHT OF THE DAY
THOUGHT OF THE DAY
“In order to carry a positive action, we must develop here a
positive vision.”
Law Updates:
Version of DIR-12 Form have been updated on MCA21 Company
Forms page. Stakeholders are advised to download the latest version
before filing as the previous version of the form will not be
accepted.
MCA has issued FAQs related to problems faced by the stakeholder
in filing the forms, resubmission, payment, unavailability of various
forms, technical issues,etc.
SEBI has placed “Consultation Paper on Distribution of Cash
Benefits through Depositories” for stakeholder’s comments/
suggestions. Stakeholders may give their comments / suggestions
through email on cashbenefits@sebi.gov.in latest by May 05, 2016.
Expenditure incurred on renovation of leased premise to be treated
as capital expenditure: Mumbai Tribunal.
CBDT has released the draft rules for granting relief or deduction
under section 90/90A/91 of the Income-Tax Act, 1961.
Non-compete fee being a business income won't be taxable in India
unless recipient has PE in India: Kolkata Tribunal.
PROFESSIONALS INPUTS:
RBI vide Notification No. RBI/2015-16/376 DBR.No.BP.BC. 92/
21.04.048/2015-16 dated 18th
April, 2016 amends the provisioning
norms in respect of all cases of fraud pertaining to fraud accounts.
IRDA vide Circular No. IRDA/F&A/CIR/ACTS/077/04/2016 dated
18th
April, 2016 notified regarding accounting treatment of
enhanced provision of Pension Scheme.
MARKET WATCH:
SENSEX: 25816 .47 189.61 NIFTY: 7914.70 64.25
SILVER: 38302 .00 -205.00 GOLD (MCX): 28998.00 39.00
USD/INR: 66.55 -0.09 CRUDE OIL: 2758.00 -47.00
CS Rajiv Bajaj
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Date: 19th
April, 2016
2. www.csrajivbajaj.com
Denise Morrison
President and Chief Executive Officer of Campbell Soup
Company
Denise M. Morrison is an American business executive who serves as President
and Chief Executive Officer of Campbell Soup Company. Named the 21st Most
Powerful Woman in Business by Fortune Magazine, Morrison was elected a
Director of Campbell in October 2010. She is Campbell's 12th leader in the
company's 140-year history.
Early life and Education
Denise Morrison was born in Elberon, New Jersey, and is one of four sisters who
have all enjoyed successful business careers. The "Sullivan Sisters" were featured in a 2007 Wall Street Journal
article, "Raising Women to Be Leaders." Denise is the first-born; Maggie Wilderotter is chairman and CEO of
Frontier Communications; Colleen Bastkowski was a regional vice president of sales at Expedia Corporate
Travel and Andrea Doelling, a champion horse jumper, was senior vice president of sales at AT&T Wireless.
Their father, Dennis Sullivan, a Korean War veteran and AT&T executive, wanted to share everything he knew
about business with his girls. He reportedly talked with them while they were still in grade school about setting
profit-margin goals. Their mother, Connie Sullivan, taught them that ambition is a part of femininity.
Denise Morrison graduated from Long Branch High School. She earned her B.S. degree in economics and
psychology from Boston College, graduating magna cum laude. She was inducted into the Order of the Cross
and Crown Honor Society for academic and extracurricular achievement.
Career
Morrison was named President and CEO of Campbell Soup Company on August 1, 2011. Campbell is a global
manufacturer and marketer of consumer food products, focused on simple meals, soup, baked snacks, and
beverages.
Morrison joined Campbell in April 2003 as President-Global Sales and Chief Customer Officer, and was named
President-Campbell USA in June 2005. She was named Senior Vice President and President-North America
Soup, Sauces and Beverages in October 2007 and handled the Campbell USA, North America Foodservice, and
Campbell Canada businesses. She was appointed Executive Vice President and Chief Operating Officer in
October 2010, leading all of Campbell's global businesses, corporate strategy, global advertising & design and
research & development.
Before joining Campbell's, Morrison served as Executive Vice President and General Manager of Kraft Foods'
Snacks and Confections divisions, responsible for leading brands such as Planters nuts, Life Savers candies, and
Altoids mints.
Morrison began her career in the sales organization at Procter & Gamble in Boston, Mass. She later joined
Pepsi-Cola in Trade and Business Development. She then spent most of the 1980s at Nestle USA, where she
held senior marketing and sales positions. In 1995, Denise moved to Nabisco Inc. She served as Senior Vice
President and led the Nabisco Food Company's sales organization and was General Manager for the Down the
Street division.
Morrison's compensation at the beginning of fiscal year 2012 included an annual base salary of $950,000, a
fiscal 2011 annual cash incentive of $602,292 and a fiscal 2012 long-term incentive grant of $4,845,000.[6]
Campbell's fiscal year runs from August 1 to July 31.
![www.csrajivbajaj.com
Denise Morrison
President and Chief Executive Officer of Campbell Soup
Company
Denise M. Morrison is an American business executive who serves as President
and Chief Executive Officer of Campbell Soup Company. Named the 21st Most
Powerful Woman in Business by Fortune Magazine, Morrison was elected a
Director of Campbell in October 2010. She is Campbell's 12th leader in the
company's 140-year history.
Early life and Education
Denise Morrison was born in Elberon, New Jersey, and is one of four sisters who
have all enjoyed successful business careers. The "Sullivan Sisters" were featured in a 2007 Wall Street Journal
article, "Raising Women to Be Leaders." Denise is the first-born; Maggie Wilderotter is chairman and CEO of
Frontier Communications; Colleen Bastkowski was a regional vice president of sales at Expedia Corporate
Travel and Andrea Doelling, a champion horse jumper, was senior vice president of sales at AT&T Wireless.
Their father, Dennis Sullivan, a Korean War veteran and AT&T executive, wanted to share everything he knew
about business with his girls. He reportedly talked with them while they were still in grade school about setting
profit-margin goals. Their mother, Connie Sullivan, taught them that ambition is a part of femininity.
Denise Morrison graduated from Long Branch High School. She earned her B.S. degree in economics and
psychology from Boston College, graduating magna cum laude. She was inducted into the Order of the Cross
and Crown Honor Society for academic and extracurricular achievement.
Career
Morrison was named President and CEO of Campbell Soup Company on August 1, 2011. Campbell is a global
manufacturer and marketer of consumer food products, focused on simple meals, soup, baked snacks, and
beverages.
Morrison joined Campbell in April 2003 as President-Global Sales and Chief Customer Officer, and was named
President-Campbell USA in June 2005. She was named Senior Vice President and President-North America
Soup, Sauces and Beverages in October 2007 and handled the Campbell USA, North America Foodservice, and
Campbell Canada businesses. She was appointed Executive Vice President and Chief Operating Officer in
October 2010, leading all of Campbell's global businesses, corporate strategy, global advertising & design and
research & development.
Before joining Campbell's, Morrison served as Executive Vice President and General Manager of Kraft Foods'
Snacks and Confections divisions, responsible for leading brands such as Planters nuts, Life Savers candies, and
Altoids mints.
Morrison began her career in the sales organization at Procter & Gamble in Boston, Mass. She later joined
Pepsi-Cola in Trade and Business Development. She then spent most of the 1980s at Nestle USA, where she
held senior marketing and sales positions. In 1995, Denise moved to Nabisco Inc. She served as Senior Vice
President and led the Nabisco Food Company's sales organization and was General Manager for the Down the
Street division.
Morrison's compensation at the beginning of fiscal year 2012 included an annual base salary of $950,000, a
fiscal 2011 annual cash incentive of $602,292 and a fiscal 2012 long-term incentive grant of $4,845,000.[6]
Campbell's fiscal year runs from August 1 to July 31.](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)