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16 hours ago · Pittsburgh ( / ˈpɪtsbɜːrɡ / PITS-burg) is a city in and the county seat of Allegheny County, Pennsylvania, United States. It is the second-most populous city in Pennsylvania, after Philadelphia, and the 68th-most populous city in the U.S., with a population of 302,971 as of the 2020 census. The city is located in southwestern Pennsylvania ...
16 hours ago · The Canadian Pacific Railway ( French: Chemin de fer Canadien Pacifique) ( reporting marks CP, CPAA, MILW, SOO ), also known simply as CPR or Canadian Pacific and formerly as CP Rail (1968–1996), is a Canadian Class I railway incorporated in 1881. The railway is owned by Canadian Pacific Kansas City Limited, known until 2023 as Canadian ...
16 hours ago · 06-43000. GNIS feature IDs. 1652747, 2410866. Website. www .longbeach .gov. Long Beach is a coastal city in southeastern Los Angeles County, California, United States. It is the 44th-most populous city in the United States, with a population of 451,307 as of 2022. [11] A charter city, [3] Long Beach is the seventh-most populous city in ...
- History
- Finances
- Carbon Footprint
- Operations
- Controversies
- Corporate Diversity
- Ceo-To-Worker Pay Ratio
- Further Reading
Origins
Candlemaker William Procter, born in England, and soap maker James Gamble, born in Ireland, both emigrated to the US from the United Kingdom. They initially settled in Cincinnati, Ohio, and met when they married sisters Olivia and Elizabeth Norris.Alexander Norris, their father-in-law, persuaded them to become business partners, and in 1837, Procter & Gamble was created. From 1858 to 1859, sales reached $1 million. By that point, about 80 employees worked for Procter & Gamble. During the Amer...
International expansion
The company moved into other countries, both in terms of manufacturing and product sales, becoming an international corporation with its 1930 acquisition of the Thomas Hedley Co., based in Newcastle upon Tyne, England. After this acquisition, Procter & Gamble had their UK Headquarters at 'Hedley House' in Newcastle upon Tyne, until quite recently, when they moved to The Heights, Brooklands. Numerous new products and brand names were introduced over time, and Procter & Gamble began branching o...
Further developments
Procter & Gamble acquired a number of other companies that diversified its product line and significantly increased profits. These acquisitions included Folgers Coffee, Norwich Eaton Pharmaceuticals (the makers of Pepto-Bismol), Richardson-Vicks, Noxell (Noxzema), Shulton's Old Spice, Max Factor, the Iams Company, and Pantene, among others. In 1994, the company made headlines for big losses resulting from leveraged positions in interest rate derivatives, and subsequently sued Bankers Trust fo...
For the fiscal year 2018, Procter & Gamble reported earnings of US$9.750 billion, with an annual revenue of US$66.832 billion, an increase of 2.7% over the previous fiscal cycle. Procter & Gamble's Shares traded at over $86 per share in 2017, and its market capitalization was valued at over US$221.5 billion in October 2018. Procter & Gamble ranked ...
Procter & Gamble reported Total CO2e emissions (Scope 1 and Scope 2) for the twelve months ending December 31, 2020, at 2,619 Kt (-1,441 /-35.5% y-o-y).In September 2021, P&G set a new ambition to achieve net zero emissions across its operations and supply chain by 2040.
As of July 1, 2016[update], the company structure has been categorized into ten categories and six selling and market organizations. 1. Categories
Price fixing
In April 2011, P&G was fined €211.2 million by the European Commission for establishing a price-fixing cartel for washing powder in Europe along with Unilever, which was fined €104 million, and Henkel. Though the fine was set higher at first, it was discounted by 10% after P&G and Unilever admitted running the cartel. As the provider of the tip-off leading to investigations, Henkel was not fined.
Toxic shock syndrome and tampons
Toxic shock syndrome (TSS) is a disease caused by strains of the bacteria Staphylococcus aureus. Most people have these bacteria living in their bodies as harmless commensals in places such as the nose, skin, and vagina. The disease can strike anyone, not only women, but the disease is often associated with tampons.In 1980, 814 menstrual-related TSS cases were reported; 38 deaths resulted from the disease. The majority of women in these cases were documented as using super-absorbent synthetic...
Child labor and forced labor
According to a 2016 report by Amnesty International, palm oil provider Wilmar International, the world's biggest palm oil grower in 2016 and supplier of raw materials to Procter & Gamble, profited from 8 to 14-year-old child labor and forced labor. Some workers were extorted, threatened, or not paid for work. Some workers also suffered severe injuries from toxic banned chemicals.
In January 2019, CEO David Taylor said in Switzerland: "The world would be a better place if my board of directors on down is represented by 50% of the women. We sell our products to more than 50% of the women." Also in January 2019, The Wall Street Journal noted the company's board of directors had more than twice as many men as it does women.As o...
For the first time in 2018, a new Securities and Exchange Commission rule mandated under the 2010 Dodd-Frank financial reform requires publicly traded companies to disclose how their CEOs are compensated in comparison with their employees. In public filings, companies have to disclose their “Pay Ratios,” or the CEO's compensation divided by the med...
Kominicki, John, "James Gamble's Candles and Soap Lit Up Profit: Do It Right: He Helped Put P&G on an Ethical Path to Top", Los Angeles: Investor's Business Daily, March 6, 2015, p. A3.McGuigan, Lee, "Procter & Gamble, Mass Media, and the Making of American Life", Media, Culture, and Society 37 (September 2015), pp. 887–903. doi:10.1177/0163443715584100.16 hours ago · Bangkok, officially known in Thai as Krung Thep Maha Nakhon and colloquially as Krung Thep, is the capital and most populous city of Thailand.The city occupies 1,568.7 square kilometres (605.7 sq mi) in the Chao Phraya River delta in central Thailand and has an estimated population of 9.0 million as of 2021, 13% of the country's population.
16 hours ago · According to the United States Census Bureau, the city has an area of 56.18 square miles (145.51 km 2), of which 51.98 square miles (134.63 km 2) is land and 4.20 square miles (10.88 km 2) is water. The Parks and Recreation department is responsible for 160 parks and 41 recreation centers.
16 hours ago · Parliament is sitting for the first time since the general election, with Labour leader Sir Keir Starmer and Rishi Sunak having swapped seats.
