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Procter & Gamble's (PG) board is reportedly thinking about sacking CEO Robert McDonald....
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Thursday, July 12, 2012, 7:04 PM ETProcter & Gamble's (PG) board is reportedly thinking about sacking CEO Robert McDonald. Directors are said to be unhappy with McDonald's performance, and are contacting former execs about possibly taking over. It's added the board's discussions influenced Bill Ackman's decision to take a large stake in P&G, and that the hedge fund titan plans to call for management changes. PG +0.8% AH.
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This news story has 5 comments:
What a prophet!
Interesting take.
But, in fairness, Bob has had more than his share mis-steps in managing on-going charges against pg's reported earnings.
In re: Palm Desert Rat's comments (which mirror some in the popular press) there is no way that a petty hedge fund can mount even the least credible assault on a company with 20 to 25% employee/retiree ownership.