By  on November 10, 2008

NEW YORK — Under the blue-sky-painted ceiling of the St. Regis Roof Ballroom, the Estée Lauder Cos. Inc. addressed the gloomy economic climate outside, and reaffirmed its confidence in the beauty firm’s ability to weather tougher days ahead.

At the company’s annual meeting with shareholders Friday morning, an energetic and mirthful Leonard A. Lauder, the company’s chairman, championed the strategy being drafted by his son, William P. Lauder, chief executive officer, and president and chief operating officer Fabrizio Freda, who joined the company in March.

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