P&G board stands by CEO and his improvement plan

(Reuters) – Procter & Gamble Co's independent directors said on Wednesday that the board supports Chief Executive Bob McDonald and his plan to turn around performance at the world's largest household products company. The board's comments came days after activist investor William Ackman revealed that his Pershing Square Capital Management took a stake in the maker of Tide detergent and Pampers diapers. …

P&G board stands by CEO and his improvement plan (Reuters) – Procter & Gamble Co's independent directors said on Wednesday that the board supports Chief Executive Bob McDonald and his plan to turn around performance at the world's largest household products company. The board's comments came days after activist investor William Ackman revealed that his [...]