We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

Procter & Gamble's Latest $10-Billion Cost-Cutting Move Fails To Impress Investors

April 24, 2016: 12:00 AM EST
Procter & Gamble Co.’s chief executive officer David Taylor said his company plans to implement another $10-billion cost-cutting program during the next five years. Presented during Taylor’s first public meeting with investors in February 2016, the cost-cutting plan follows the previous round of cost cuts, also valued at $10 billion, in 2012. Wall Street investors and analysts, however, are expressing doubts about the latest cost-cutting plan of the company. P&G’s failure to provide details about the plan is part of the reasons for the company’s failure to fully convince investors about its ability to implement more cost-cutting moves.
Sharon Terlep, "Mystery on Wall Street: How P&G Will Deliver on Cost Cuts", Wall Street Journal, April 24, 2016, © Dow Jones & Company, Inc.
North America
United States of America
Companies, Organizations
Market News
Developed by Yuri Ingultsov Software Lab.