Tuesday, Apr 24, 2018
One of America's Great Newspapers ~ Toledo, Ohio


P&G offers support for CEO in SEC filing

NEW YORK -- Procter & Gamble Co. said Wednesday its board supports Chief Executive Officer Robert McDonald, nearly a week after activist investor William Ackman took a stake in the firm.

The world's largest consumer products maker said in a Securities and Exchange Commission filing the statement is in response to erroneous media reports. P&G makes products ranging from Tide detergent to Gillette razors.

Since Mr. Ackman took an undisclosed stake, media have speculated he might agitate for change, such as a split of the company or new leadership.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2018 Toledo Blade

To Top

Fetching stories…