Procter
and Gamble
Leading maker of consumer
products.
Headquarters:
One Procter & Gamble Plaza
Cincinnati, OH 45201
Employees: 138,000
CEO: A.G. Lafley
Stock Symbol: PG
Website:
http://www.pg.com
Company News
Career Site
Procter and Gamble is the world's leading
maker and distributor of household consumer products including
soap, toilet paper, detergent, shampoo, coffee, razors and potato
chips.
The company's well-known brands include:
Ivory soap, Tide detergent, Cascade dishwashing detergent, Folgers
coffee, Pringle's potato chips, Head and Shoulders shampoo, Crest
toothpaste, Pampers, Downy, Duracell, Gillette, Braun, Pepto
Bismol and Tampax. Products may have different localized brand
names in other countries. The company has over 300 brands in
over 160 countries.
P&G has operations in over 80 countries.
In fiscal 2007, P&G had record revenues
of $76.4 billion and net income of $10.3 billion. Household Care
made up $36.2 billion in revenues, Beauty and Health made $31.9
billion and Gillette Division generated $9.3 billion during 2007.
The company spent more than $2 billion
on research and development in 2007.
P&G announced in June it would sell
its Folgers coffee business to J.M. Smucker Company in a stock
transaction worth $3.3 billion. Folgers is the leading producer
of retail packaged coffee products in the United States with
a 150 year history.
History
William Procter came from England to the
U.S. and established himself as a candlemaker. James Gamble was
from Ireland and apprenticed himself to a soapmaker. The two
might never have met had they not married sisters, Olivia and
Elizabeth Norris, whose father convinced his new sons-in-law
to become business partners. In 1837, as a result of Alexander
Norris' suggestion, a bold new enterprise was born: Procter &
Gamble.
On April 12, 1837, William Procter and
James Gamble start making and selling their soap and candles.
On August 22, they formalized their business relationship by
pledging $3,596.47 apiece. The formal partnership agreement is
signed on October 31, 1837.
In 2005, P&G acquired Gillette Corp.
for $57 billion which is best known for its razors and shaving
products.
Benefits
Health Care Benefits
These benefits include Prescription Drug
and Dental. Flexible Benefit Options offer aggressive, comprehensive
plans that are individually tailored to match your lifestyle.
You and your dependents are eligible for these plans as soon
as you begin working at P&G.
Profit Sharing Trust Plan
This plan differs from traditional pensions.
P&G puts stock each year into your retirement account instead
of paying out a set dollar amount based on salary and years with
the company. P&G's contribution starts at 5% and goes to
a maximum of 25%. It does not cost anything to participate in
the plan and P&G pays the full administration cost. Plus,
the Plan gives you the opportunity to contribute additional money
to your PST account on a pretax basis through 401(k) salary contributions.
The amount of the Company contribution to your account is not
determined or affected by the amount of pretax salary you contribute.
The Company wants employees to build wealth as the Company prospers
financially. P&G created our Shareholder Investment Program
to accomplish that objective. Through this program, we offer
you the opportunity to purchase Company stock through payroll
deductions or cash payments to all employees.
Updated June 4, 2008
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