NEW YORK (CNNfn) - The Head Of Procter & Gamble Co. - A Controversial Corporate

yes NEW YORK (CNNfn) - The head of Procter & Gamble Co. - a controversial bodied veteran who tried to shake up the venerable consumer products cleric through an aggressive growth strategy - quit unawares Thursday amid the companys ongoing profit woes. Durk Jager, who served as CEO of Cincinnati-based P&G for a turbulent year and a half, resigned, probing immediately.

Jager, who also served as president and chairman, spearheaded an ambitious restructuring effort, dubbed Organization 2005, which was imply to boost sales and profits by introducing an array of perfumed pro ducts and by closing plants and eliminating jobs. The six-year, $1.9 billion effort, however, cut into profits at the largest U.S. household products company - a 162-year-old blue-chip firm that traditionally had been known for steady earnings growth and conservative management. cooccurring with Jagers resignation, the maker of Tide detergent and Crest toothpaste lowered its pecuniary fourth-qu...If you want to get a full essay, order it on our website: BestEssayCheap.com

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