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Patricia Woertz

Analysis: P&G all-star board's oversight questioned as CEO departs

The sudden exit of Procter & Gamble Co's Bob McDonald as chief executive and the return of former CEO A.G. Lafley in his place has raised questions about the vigilance of one of America's highest-profile corporate boards.On paper at least, P&G, the maker of a myriad of household products such as Crest toothpaste and Tide detergent, has one of the strongest boards in the world with CEOs from six other companies among its 12 members, including three from companies in the Dow Jones industrial average. The CEOs include Boeing Co's James McNerney, Hewlett-Packard Co's Meg Whitman, American Express Co CEO Kenneth Chenault, and Macy's Inc CEO Terry Lundgren.P&G in its annual proxy statement to shareholders last year described the board as "highly qualified and each Director brings a diversity of skills and experiences." It said all of the directors - who also include Archer Daniels Midland Co CEO Patricia Woertz, Frontier Communications Corp CEO Maggie Wilderotter and former Mexico President ...

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  1. Archer Daniels Profit Soars Amid Revenue Growth

    Archer Daniels Midland Co.'s (ADM) fiscal second-quarter earnings surged as the agricultural giant reported stronger revenue and impacts from a big asset write-down ...

  2. ADM Raises Offer to Buy GrainCorp By 3.8% to A$2.8 Billion

    Archer Daniels Midland Co. (ADM) has sweetened its takeover bid for Australia's GrainCorp Ltd. (GNC.AU) by 3.8%, a deal that now values the wheat exporter at about A...

  3. ADM Raises Bid for GrainCorp

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  4. Obama to Meet With CEOs Over Fiscal Cliff

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  5. Obama to meet with CEOs from Goldman, Deloitte on Wednesday

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  6. ADM Considered Buying Viterra, While Agrium Picks Up Assets

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  7. Archer Daniels Streamlines Units; Vice Chairman Rice To Retire

    (Updated throughout to add several management appointments and retirements.)DOW JONES NEWSWIRESArcher Daniels Midland Co. (ADM) plans to reorganize some of its busin...

  8. ADM Closing North Dakota Ethanol Plant, Citing Location

    DOW JONES NEWSWIRESArcher Daniels Midland Co. (ADM) will close a North Dakota ethanol plant in April, the company said Monday.ADM is closing the plant, in Walhalla, ...

  9. Archer Daniels Midland's 2Q Earnings Fall Sharply

    Archer Daniels Midland Co.'s (ADM) fiscal second-quarter earnings fell sharply on weakness at its grain-processing and trading businesses and a charge from the shutt...

  10. Archer Daniels Midland 2Q Net Down 89% On Writedown, Oilseed Margins

    DOW JONES NEWSWIRESArcher Daniels Midland Co.'s (ADM) fiscal second-quarter earnings plummeted 89% as the agribusiness giant posted a large writedown related to an I...

  11. Archer Daniels Midland Profit Down Sharply

    Archer Daniels Midland Co. said Tuesday its second-quarter profit fell to $80 million, or 12 cents a share, from $732 million, or $1.14 a share, in the year-ago peri...

  12. Archer Daniels Midland To Cut 1,000 Jobs

    Archer Daniels Midland said Wednesday that it will slash about 1,000 jobs, or roughly 3% of its total workforce, in an effort to cut costs and boost profit. Most of ...

  1. ADM 1st-Quarter Net Falls 33% on Drought, Confirms GrainCorp Deal

    Archer Daniels Midland Co. (ADM) confirmed plans to acquire Australia's largest grain company Wednesday, while reporting first-quarter earnings fell 33% due to a sev...

  2. ADM Net Falls 33% on Drought, Other Impacts

    Archer Daniels Midland Co.'s (ADM) first-quarter earnings fell 33% as the agricultural giant continued to be hurt by the 2012 drought in the Midwest.ADM also confirm...

  3. ADM 1st-Quarter Net Falls 33% on Drought, Other Impacts

    Archer Daniels Midland Co.'s (ADM) first-quarter earnings fell 33% as the agricultural giant continued to be hurt by the 2012 drought in the Midwest."As expected, th...

  4. Archer Daniels Wins Over GrainCorp With Sweeter Bid

    Archer Daniels Midland Co. (ADM) is close to executing Australia's third-biggest food deal after the board of local grain exporter GrainCorp Ltd. (GNC.AU) accepted a...

  5. GrainCorp Accepts Archer Daniels Midland Bid

    Archer Daniels Midland Co. (ADM) is close to becoming east Australia's largest grain exporter after GrainCorp Ltd. (GNC.AU) accepted its $2.9 billion takeover bid, j...

  6. Archer Daniels Midland Agrees to Make Offer for GrainCorp, Pending Due Diligence

    Agricultural giant Archer Daniels Midland Co. (ADM) has signed a takeover bid implementation deed with GrainCorp Ltd. (GNC.AU), under which it has agreed to make a c...

  7. Archer Daniels 2nd-Quarter Profit Soared on Revenue Growth

    Archer Daniels Midland Co.'s (ADM) fiscal second-quarter earnings surged as higher profits from soybean processing and grain trading more than offset declines in its...

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