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A quiet annual meeting for embattled CEO.
October 9, 2012
By: TOM BRANNA
Editor
Given a big stage, Procter & Gamble’s annual meeting, activist investor William Ackman was a no-show. His absence gave Bob McDonald, P&G’s chairman, president and CEO, the opportunity to defend his 40/20/10 growth strategy which calls for focusing on the company’s 40 biggest markets and 20 biggest new products, while slashing $10 billion in costs, according to Reuters. In recent months, Ackman has been in the news by calling for P&G management, and McDonald in...
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