Word: procter
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...Manhattan. Procter & Gamble, Lever Bros, and Colgate-Palmolive Co. estimated that they would spend this year a total of $64 million on TV to sell soap. The National Council of Churches earmarked $1,405,000 to sell religion over radio...
...Named 49-year-old Neil McElroy, Procter & Gamble president, chairman of the forthcoming White House Conference on Education...
Wage guarantee plans are not new. There are more than 200 in operation, most of them management-sponsored. For example, Procter & Gamble Co. guarantees employees a straight 48 weeks of work a year; Geo. A. Hormel & Co. guarantees 52 weeks a year by charging overtime in rush periods against undertime when business is slow; Nunn-Bush Shoe Co. sets wages at a fixed percentage of sales, thereby has given full employment since...
...plans, by themselves, have not stabilized employment. The companies had to stabilize employment first by drastically changing production and selling methods. For example: Procter & Gamble provided warehouses to store its soap and shortening in slack seasons and campaigned to get wholesalers to level out their buying...
Nevertheless, both labor and management agree that the guaranteed annual wage is an ideal worth shooting for. For labor, there would be more security; for businessmen, steadier buying power. Furthermore, at Procter & Gamble and other companies, wage guarantees have cut labor turnover, and thereby lowered other costs. The problems in steel, autos, appliances, etc. are far greater. But the success of plans already instituted by far-seeing businessmen, without the prodding of labor, should be an object lesson for those who will soon be prodded by labor for similar plans...