Chief executive Irene Rosenfeld, speaking at a Lehman Brothers Holdings Inc. conference in Boston, told analysts and investors she also will tie executives' pay to profit to perpetuate growth.
Northfield-based Kraft said increasing sales, share buybacks and lower taxes will lift 2007 profit to as much as $1.82 a share. Previously the foodmaker projected profit of no more than $1.80 a share, which is what analysts had forecast.