Procter & Gamble In 2013: A Board Adrift?
The Social Enterprise Program Case Series
In the wake of the company’s recent poor financial performance—and activist investor William Ackman’s actions—Procter & Gamble CEO Bob McDonald stepped down from his role in May 2013. P&G’s board quickly replaced McDonald with his predecessor, A. G. Lafley. Did the board act in the best interest of the company during these turbulent times?
Case id: 140419