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Procter & Gamble CEO Takes Blame For Weak Revenue Performance

October 13, 2015: 12:00 AM EST
Procter & Gamble Co. CEO A.G. Lafley accepted responsibility for his company’s weak revenue performance. Speaking at the company’s annual meeting, Lafley promised shareholders better results in the future under the leadership of his successor. Lafley will step down as CEO, with David Taylor assuming the position on November 1, 2015. P&G shares were down 19 percent as of the annual meeting held in the company’s Cincinnati headquarters.
Serena Ng, "P&G CEO Takes Responsibility for Company’s Performance", Wall Street Journal, October 13, 2015, © Dow Jones & Company, Inc.
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