Household Chores for P&G's Incoming CEO

Procter & Gamble's (PG) new CEO, Robert McDonald, steps into power just as the consumer products company faces a price gap with competitors—and a need to regain turf with new, less-premium brands. Procter reported earnings on Aug. 5 of $2.47 billion, down a surprising 18% from $3.02 billion a year earlier.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.