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Ackman Tells CNN McDonald May Not Be Right CEO for P&G

Procter & Gamble Co. Chief Executive Officer Bob McDonald may not be the right person to lead the world’s largest consumer-products maker and the board may have to replace him, activist investor Bill Ackman told CNN.

“It’s unlikely that Bob McDonald is the right CEO for the company, based on his track record there,” Ackman said in an interview on the station’s website. He said he doesn’t think the senior executives have confidence in McDonald, who took over in July 2009.