To me, it's irrelevant how these corporations came into power in this discussion. This thread is about the words that came out of his mouth and I judge solely based on that. Not to say that this is unimportant, but that's best left for another thread IMO. I merely evaluate the logic of the sentence coming out of his mouth.
According to the Libertarian mindset, what this CEO said was not entirely incorrect. Of course, not being wrong on this account does not mean that he can apply this principle of privatized water correctly. From what I've heard, Nestle is indeed likely to be an evil corporation and it's obvious he had ulterior motives in saying what he said. That does not mean that his initial words were wrong however.
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