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

yes NEW YORK (CNNfn) - The head of Procter & Gamble Co. - a controversial embodied veteran who tried to shake up the venerable consumer products cleric through an aggressive growth strategy - quit suddenly 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, clear-cut immediately.

Jager, who also served as president and chairman, spearheaded an ambitious restructuring effort, dubbed Organization 2005, which was believe to boost sales and profits by introducing an array of invigorated products and by closing plants and eliminating jobs. The six-yea r, $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. synchronous with Jagers resignation, the maker of Tide detergent and Crest toothpaste lowered its fiscal fourth-qu...If you want to get a full essay, order it on our website: OrderEssay.net

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