Diageo’s New Boss Just Pulled the Ripcord - Moby THE GIST Diageo just did something consumer staples giants hate doing. It cut the dividend, admitted parts of its strategy are out of step with the moment, and handed the keys to a turnaround specialist who is not afraid to bruise margins to fix the engine. WHAT HAPPENED Diageo shares tumbled after the company cut guidance, slashed its dividend, and outlined the early direction of a reset under new CEO Sir Dave Lewis, who took over just eight weeks ago. T ...