Procter & Gamble In 2013: A Board Adrift?

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?

William Klepper  | Spring 2014
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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

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