Word: lafley
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Dates: during 2000-2009
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...Most Powerful Women” in American business by Fortune Magazine, will follow a chain of CEO’s who have spoken at the Business School’s ceremony, including Kenneth I. Chenault of American Express, Jeffrey R. Immelt of General Electric, A.G. Lafley of Proctor & Gamble. A 1978 graduate of the Business School, Moore left Harvard for Time, Inc. in order to serve as a financial analyst. After working at the company for more than 20 years, she was appointed chairman and CEO in July 2002 and she now oversees more than 125 magazine titles...
Procter & Gamble is a place you'd look for wash-day miracles, not management revolutionaries. Yet A.G. Lafley, CEO since 2000, proved otherwise. He drove relentless change at the famous but once flailing company. In The Game-Changer, written with management guru Ram Charan, Lafley explains how P&G flourished by organizing around customer-driven innovation. He talked with TIME's Bill Saporito...
...Alan G. Lafley...
...hardest advantage to measure is that merger buzzword synergy. "P&G knows a lot about women. Gillette knows a lot about men," Lafley told investors. "It's very simple, but it's a potent combination." Robert McDonald, a P&G senior executive, hinted to TIME at new products that could capitalize on each firm's strengths. "We have the best-selling male fragrance in Hugo Boss," he says. "How about a Hugo Boss designer razor?" Problem is, with P&G already so big, boasting more than $50 billion in sales, it needs the equivalent of a new megabrand like Tide...
...will bigger be better? Unlike the mates in the HP-Compaq and AOL--Time Warner deals, both partners here are marrying from positions of strength. P&G, for one, has had several recent hits, like Crest Whitestrips and Swiffer cleaning products, and Wall Street loves Lafley for increasing operating income and turbocharging the growth of brands like Iams pet food (another acquisition). On the other hand, P&G has never absorbed a company as large as Gillette, with its 30,000 employees, and the price it's paying is steep. "We are skeptical that simply going from $55 billion...