Friday, June 09, 2000

Procter & Gamble shakeup coverage




Procter & Gamble Headlines for  Friday, June 09, 2000
Bruised P&G turns to new, old leaders
        Durk I. Jager ended the shortest tenure of any chief executive in Procter & Gamble Co.'s 163-year history Thursday, yielding his seat to a man who promises to pull the company out of a slump that has scathed investors.

Jager lost credibility on Wall Street
        Once the bad news started coming for Procter & Gamble Co., it came fast and furious.

Stock's comeback expected to be slow
        Bringing back John Pepper may restore the confidence of local investors — but analysts say Procter & Gamble and its new management still need to prove themselves to Wall Street.

Investors advised not to panic
        Question: I own 100 shares of P&G stock. Should I sell?

What do you want to know?
        Whether you're a Procter & Gamble shareholder or you just have a question about the company or its stock, contact us.

New leader known for building loyalty
        “The perfect guy to pick up the ball.” That's how one former P&G executive described A.G. Lafley, Procter & Gamble's new president and chief executive, who Thursday succeeded ousted leader Durk I. Jager after a rocky year at the helm.

Pepper's return may raise morale, stability
        Nathaniel Jones remembers walking through the Los Angeles airport with John Pepper and encountering a group of Procter & Gamble Co. employees.

Company has huge impact on region
        Fine Arts Fund drive chairman Durk Jager raised the bar last year: Rather than asking for its usual, polite 5 percent increase, the Procter & Gamble chief executive pushed for the fund to raise 10 percent more than it had in 1998.

Board's role in Jager's ouster shrouded
        What did they know and when did they know it? Procter & Gamble Co. is saying little about the role of its powerful board of directors in replacing Durk Jager with A.G. Lafley as the company's chief executive officer.

Procter & Gamble leaders through the ages