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P&G is not in Crisis, Insists CFO

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By: TOM BRANNA

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Consumer products giant Procter & Gamble Co., which last month said it will cut an additional 9% of its workforce and has reported lower operating earnings in its last four quarters, is not in a crisis, its chief financial officer said Monday.“The notion that the company is in crisis is absolutely false,” Clayton Daley, chief financial officer of the maker of Tide laundry detergent, Crest toothpaste and other products, said at an investor conference hosted by Banc of America Sec...

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