P&G Directors Face Own Challenges While Keeping Tabs on McDonald

P&G Directors Face Own Challenges While Keeping Tabs on McDonald

Ramin Talaie/Bloomberg

Robert "Bob" McDonald, president chief executive officer of Procter & Gamble Co., who lowered profit forecasts three times this calendar year at the world’s largest maker of consumer products, is trying to cut $10 billion in costs and restructure the Cincinnati-based company to focus on developing products and winning back market share.