Procter & Gamble Proves to Be Nimble Profit Maker
Nibley, Marybeth, THE JOURNAL RECORD
Consumer products colossus Procter & Gamble Co. is proving it can be a nimble profit maker, not just a diligent defender of market share.
The company has been beating earnings estimates by outside analysts. A push to enhance profitability partly by changing management structure has provided reassurance that Procter & Gamble is among the bluest of blue-chip stocks.
During its evolution since 1837 when candlemaker William Procter went into business with soapmaker James Gamble, the company has devoted enormous attention to research and development.
The big R&D budget paid off over the years in the birth of world-beating products. But, as creation of …
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Publication information: Article title: Procter & Gamble Proves to Be Nimble Profit Maker. Contributors: Nibley, Marybeth - Author. Newspaper title: THE JOURNAL RECORD. Publication date: June 2, 1989. Page number: Not available. © 2009 THE JOURNAL RECORD. Provided by ProQuest LLC. All Rights Reserved.
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