Did Procter and Gamble’s Board act in the best interest of the company in 2013 when it replaced CEO A. G. Lafley with his predecessor?
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