Published on 21st June 2012
‘Bob McDonald's fourth year as chief executive of Procter & Gamble Co is getting off to a bad start. The consumer products giant warned Wednesday that sales and profits will be lower than expected, as it continues to lose market share and struggles to manage pricing and rising commodity costs. Investors had already been frustrated by P&G's inability to navigate market conditions as well as Unilever PLC and Colgate-Palmolive Co. And the company's weak stock price and strategic shifts have hurt morale internally, people familiar with the matter say,’ according to the Wall Street Journal.