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Procter & Gamble Changes Bonus System For Managers

June 30, 2016: 12:00 AM EST
Procter & Gamble Co. is changing its incentive system for managers, as part of CEO David Taylor's efforts to overhaul the company's bureaucratic culture and boost sales growth. According to the company, annual bonuses for its senior managers will be determined in greater part by the performance of each executive's particular business unit instead of being tied to the company's regional operations. Procter & Gamble's old bonus system rewarded managers annual bonuses depending on the company's overall performance in their region.
Sharon Terlep, "P&G Overhauls Bonus System for Managers", Wall Street Journal, June 30, 2016, © Dow Jones & Company, Inc.
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