Breaking News

P&G Announces Salaries, Bonuses

August 30, 2004

Procter & Gamble, Cincinnati, announced that A.G. Lafley, chairman, president and chief executiveofficer, earned a base salary of $1.7 million this year and received other compensation, including a$3.5 million bonus. Mr. Lafley chose to receive his $3.5 million bonus as stock options. Mr. Lafleyreceived a $3 million bonus last year.

P&G executives said Mr. Lafley also earned $9.86 million, or 68% of the total three-year awardunder a business growth program.

In a new three-year program that began July 1, Mr. Lafley could receive up to $11.22 million thatwould be paid in restricted stock units. He also received stock options. P&G executives said morethan 90% of Mr. Lafley's total compensation is at-risk, based on the company's performance.

P&G's profit rose 25% in its fiscal year ended June 30. Unit volume grew 17% and net sales grew19% to $51.41 billion.
blog comments powered by Disqus
  • Cosmetic Chemists Head to Orlando Next Month

    Cosmetic Chemists Head to Orlando Next Month

    September 26, 2016
    Organizing Chair Guy Padulo explains why you should attend the IFSCC Congress.

  • Restoring Rembrandt

    Restoring Rembrandt

    Christine Esposito, Associate Editor||September 26, 2016
    Ranir LLC has acquired Rembrandt, an iconic name in teeth whitening, and plans to make it a staple in the value segment.

  • Active Agents

    Active Agents

    September 19, 2016
    On the surface, surfactants may seem staid, but the market, and the supplier activity driving it, is bubbling.

  • Back to School

    Back to School

    Tom Branna, Editorial Director||September 1, 2016
    It may be September, but class was in session this summer during the Private Label Manufacturers Association’s Executive Educ

  • What

    What's In Your Formula?

    Christine Esposito, Associate Editor||September 1, 2016
    A look at the ingredients beauty brands are using to fuel their formulations and capture consumers’ attention.

  • A Sweet-Smelling Sanctuary

    A Sweet-Smelling Sanctuary

    Melissa Meisel, Associate Editor||September 1, 2016
    Home fragrance is enhanced by aromatic developments in delivery and components.