Word: procter
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Business news is not very good these days. Though the U.S. is technically in its 28th straight month of growth, big airlines are struggling, the computer industry is in the midst of a protracted shakeout, and drugmakers are in turmoil. Last week even Procter & Gamble, the nation's leading household- and personal-products company, announced it will close 30 plants and eliminate 13,000 jobs in an effort to meet the prices of discount and private-label competitors. In times like these, they used to say that a sneeze by the American economy gave Detroit a bout...
...absolutely clear about this: if you can see through it, it's got to be good. Take underarm deodorants. There's Ban Clear and Mennen Lady Speed Stick Crystal Clean. No more of that opaque green stuff. Dishpan hands these days go for Procter & Gamble's lucid Liquid Ivory -- clear soap in a clear bottle -- over white Ivory detergent. Booze? Vodka is in, or maybe a glass of light white wine, or a beer in a clear glass bottle...
...board is expected to split Stempel's job in two, promoting president John Smith to CEO and installing as chairman John Smale, retired Procter & Gamble chairman and leader of the directors aligned against Stempel. But GM's problems go back to the free-spending 1980s, when the company invested billions in computer and aircraft firms rather than finding new ways to build better cars, and it will take more than a boardroom coup to turn that around. (See Cover Stories beginning on page...
...conquered army, many roamed aimlessly last week along the corridors of the company's limestone-clad Detroit headquarters. The ouster shook even Stempel's union adversaries, who feared what life would be like after the boardroom coup led by John Smale, 65, the hard-charging retired chairman of Procter & Gamble. Smale has emerged as a possible Stempel successor and the real power inside the embattled company...
...recession isn't affecting us," said Kim M. Batsch of Procter and Gamble, one of the nation's leading consumer product companies. "People still need personal care items," she said...