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In mid-2000 Procter & Gamble gave ousted CEO Durk Jager $9.5 million (this was called a bonus, not severance pay), even though he lasted only 17 months on the job and oversaw a 50 per cent drop in the value of P&G stock, a loss of $70 billion in shareholder value." [67] [127] [336] Large payouts at time of being fired
P&G was one of the first mainstream advertisers on Spanish-language TV during the mid-1980s. [81] [82] By the late 1990s, P&G was established as the largest advertiser on Spanish-language media. [83] In 2008, P&G expanded into music sponsorship when it joined Island Def Jam to create Tag Records, named after a body spray that P&G acquired from ...
Cost reduction is the process used by organisations aiming to reduce their costs and increase their profits, or to accommodate reduced income. Depending on a company’s services or products, the strategies can vary.
On June 30, 2008, WaMu had total assets of $307 billion (~$427 billion in 2023), with 2,239 retail branch offices operating in 15 states, with 4,932 ATMs, and 43,198 employees. It held liabilities in the form of deposits of $188.3 billion, and owed $82.9 billion to the Federal Home Loan Bank , and had subordinated debt of $7.8 billion.