We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

Procter & Gamble Faces Wrath Of Dissatisfied Shareholders

October 13, 2015: 12:00 AM EST
Procter & Gamble faced some serious questions and issues raised by shareholders angered by the company’s lackluster revenue performance during its annual meeting in Cincinnati. Shareholders, such as Karen Mayer, complained about the 20 percent plunge in 2015 of the company’s stock following a high of almost $94 in 2014. Outgoing CEO A.G. Lafley defended the company’s performance, saying P&G is in the midst of its turnaround plan. Profits fell 40 percent to $7 billion for the fiscal year ending June 30, 2015, with sales dropping 5 percent to $76.3 billion. P&G’s bottom line was hurt by adverse foreign exchange impact, following devaluation of currencies by countries, including Russia and Venezuela.
Alexander Coolidge, "Shareholders chide P&G on results", Cincinnati.com, October 13, 2015, © Cincinnati.com
Domains
BEAUTY BUSINESS
Operations
Strategy
Geographies
Worldwide
North America
United States of America
Categories
Companies, Organizations
Developed by Yuri Ingultsov Software Lab.