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Procter & Gamble's (PG) board is reportedly thinking about sacking CEO Robert McDonald....

Procter & 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.
Comments (5)
  • PalmDesertRat
    , contributor
    Comments (2646) | Send Message
     
    In an earlier post I said that if PG did not take adequate steps to get their house in order,Carl Icahn or another of his ilk would do it for them.

     

    What a prophet!
    12 Jul 2012, 07:09 PM Reply Like
  • HoeTamer
    , contributor
    Comments (186) | Send Message
     
    I padded my portfolio with PG at $60 for the stable dividend, who knew that it would become a growth stock too.
    12 Jul 2012, 07:56 PM Reply Like
  • mike8599
    , contributor
    Comments (586) | Send Message
     
    Ashame Bob is taking the hit for AG. AG totally screwed up and Pepper supported him. McDonald is going global and trying to recover where Lafely concentrated on "big brands".... Tide Pods is all AG folks, and McDonald got screwed with it.
    12 Jul 2012, 09:51 PM Reply Like
  • schurbert
    , contributor
    Comments (3) | Send Message
     
    Yeah and next Ackman is going to take over Exxon!?
    12 Jul 2012, 10:30 PM Reply Like
  • schurbert
    , contributor
    Comments (3) | Send Message
     
    Mike:
    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.
    12 Jul 2012, 10:31 PM Reply Like
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