Impatient P&G ousts Jager

Article Abstract:

Durk Jager announced his retirement as chairman and CEO of Procter and Gamble (P&G) after 18 months at the posts. Alan Lafley has been chosen as P&G's new CEO while John Pepper, has been reappointed as the company's chairman. Jager's retirement comes at a time when the consumer goods giant reported that its earnings for fiscal fourth quarter ending Jun 2000 would be flat and would not meet the 15 to 17% projected increase. Pepper said the company's trouble stemmed from its decision to undertake too much change too fast.

Food & Kindred Products, Food Manufacturing, Procter & Gamble Co.

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From emperor to outcast

Article Abstract:

The author examines the fall of Robert May and his company HealthSouth Corp. Topics include business failures, investigations of fraud, and layoffs.

Legal issues & crime, Financial management, Management dynamics, Police Protection, Legal/Government Regulation, Fraud, Business Failures, Management, Officials and employees, Company legal issue, Cases, Finance, Health care industry, Company business management, Management techniques, Layoffs, HRC, Company financing, Layoff, May, Robert, HealthSouth Corp.

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GE posts record profit; Welch sets retirement date

Article Abstract:

General Electric reported record profits despite a slowing economy. Jack Welch, GE CEO said that his retirement is imminent.

ELECTRONIC & OTHER ELECTRIC EQUIPMENT, Electrical & Electronic Equip, Electrical Equipment, Appliance, and Component Manufacturing, Sales, profits & dividends, Brief Article, General Electric Co., GE

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