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Discuss shares of Procter & Gamble they are moving higher today by about three and three quarters percent after the company announced it's replacing -- CEO Bob McDonald.
With his predecessor.
AG -- but can bringing back that former CEO really fix what ails the company here about -- McDonnell -- It's you know what -- -- is one of the street blitzes that he's gotta work fast and quickly.
And it's basically to justify that stock pop today and Procter & Gamble AG -- this is a second time PNG is bringing back AG Lafley.
First time was in 2000.
When they saw an earnings shortfall -- stock -- by half.
So the stock is moving its -- off -- session highs today.
But the word on the street -- two things the storyline and AG -- what he's got to do list.
Ten billion dollars in restructuring -- got cut costs out of the bloated cost structure.
Of PNG and what that means is you're -- see he's done it before job layoffs is gonna do acquisitions and develop -- markets because here's the bottom line -- what's going on -- and Z.
He did this is a company that has five times -- sales of Colgate.
But it has a lower profit margin and then Colgate it's running -- 19% profit margin vs -- its 24%.
So agent laugh Larry at Lafley is is being looked upon as a hero coming off the bench out of retirement broad and by -- And heat mr.
McNerney really likes and -- -- -- a lead director on P&G.
-- -- got to move fast list to recent justify that pop -- that price today we get back to you.
Okay Liz thank you very much again or a stock a lot of our viewers happen to own or have found at some point or another -- thank you so much -- let's.
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