Word: procter
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Dates: during 2000-2009
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...2002—Lafley’s second year on the job—Procter and Gamble’s stock had nearly doubled, rising from $57 per share to about $90 per share...
...turnaround Lafley engineered at Procter and Gamble won him a national reputation, something the modest and somewhat non-descript 56-year-old says came as somewhat of a shock...
...speak to managing a difficult situation and coming out on top and Lafley fits that model exactly. He does have that experience,” says Russell. “He was at the top of our list because he managed and engineered an amazingly impressive turnaround at Procter and Gamble...
When Lafley took over, Procter and Gamble was in desperate need of new leadership...
...predecessor, Durk I. Jager, had pioneered ambitious new products in hopes of finding a blockbuster for the company, but never did. With investor confidence slipping, Procter and Gamble’s board removed Jager, an unusual act for the 166-year-old company...