Not good news? This is the best thing that could have happened to PG. The new CEO will make changes (cost-cutting) that will please the Street and the stock price will be moving up fast for the first time in 10 years.
Face the facts madigan. No one, at this time really knows whether he will, or will not be successful. My guess is that he will, and don't forget Lafley is not leaviing and we all know the new guy will rely heavily on him at first. It is a new era for the company in many ways. Do you even know the guy? Know anything negative about him? I doubt it!
I too am hoping for something good, but last time we had another CEO Durk Jager with his new ideas it took both John Pepper and AG to right the ship. I dont want to go through that again I have 4 more years till I retire with 40 years here and its killing me to see we are down 27-28%