Procter and Gamble was founded in 1837 when two men, William Proctor and James Gamble joined to form a partnership. William proctor an emigrant from England specialized in candle making while James Gambler was from Ireland and specialized in soap making. Both marrying two sisters brought about their union. Alexander Norris, also a soap maker and their father –in-law suggested to them to form a business partnership. They agreed to contribute $7,192.24 on a fifty –fifty basis, Proctor, and Gamble was Born. The two products were easier to produce together since they both used the same raw materials (P&G, 2013)
The current Chief Executive Officer of Proctor and Gamble is A.G. Lafley.He is serving the company for the second time as the C.E.O having served from 2000 to 2009. He took over from Bob McDonald who retired on 30th June .He took the position on 23 May 2013 as the President and Chief Executive Officer of the Company. He had taken an early retirement before coming back to the same position
Salary and Total Compensation for the Current C.E.O
According to Securities and Exchange Commission, Lafley was paid for $2 million for the five weeks before the end of fiscal year. His base salary remained at $1.6 million and stock awards of$6.4 million. His compensation includes $217,391 salary and a bonus of $1.6 million. In addition, His stock options had a value of $4.2 million. (P&G, 2013)
52-week High and Low for Proctor and Gamble
According to stock exchange, Proctor and gamble recorded high of $83.10 and a low of $65.83This was a 23.31% increase. Market capitalization stood at 224.3 billion and a dividend yield of $2.41, a 2.91 percent.
Proctor and Gamble stock Symbol
The company’s stock symbol is PG .It features in the New York Stock Exchange Chart as PG. In the parent stock exchange, it is recorded as NYSE:PG.
The total number of employees in the company’s list is approximately one hundred and twenty thousands. This is the total number in both its parent and subsidiary companies that represents the cost of wage
The Mean Recommendations to buy or sell Proctor and Gamble’s Stock
The best time to buy is at 1.0 and sells at 5.0 as per the current statistical data. The mean recommendation stood a high of 2.2 this week and 2.2 last week. This is an indication that there was no change. (Financial times, 2013)
The company’s headquarters are in Cincinnati, Ohio in United States of America. However, the company has expanded in other continents including England Brussels, Switzerland and recently decided to venture in Beijing and Singapore.
The major shareholder in the company is Vanguard Group, Incorporation with an accumulation of 143,066,586 numbers of shares. This is equivalent to 5.2% of the shares held. The number represents 1.06 % of the total assets held. (Morning star, 2013)
Main Products or Services Produced by Proctor and Gamble
The main products produced by the company are beverages, cleaning agents, foods and personal care products. The company has fifty leadership brands with a strong reputation Some of the products include 007 men’s fragrances,Pantene,Nioxene and Safeguard as beauty and grooming produts.Household care products includeDuracell,Ariel,Metamucil,Pampers and many others.
References
"Proctor and Gamble Company." The New York Times (2013): n. pag. Web. 11 Nov. 2013.
"Proctor and Gamble Major Shareholders." Morningstar (2013): n. pag. Web. 11 Nov. 2013.
"Proctor and Gamble Market share price." Financial Times (2013): n. pag. Web. 11 Nov. 2013.
"Proctor and Gamble Incorporation." company structure. N.P., 1 Nov. 2013. Web. 11 Nov. 2013.
"Proctor and Gamble shareholder meeting analysis." Wall street Journal (2012): n. pag. Web. 11 Nov. 2013.
