Merrill Lynch: Procter & Gamble CEO Succession a ‘Positive’

The Wall Street Journal is reporting that Procter & Gamble will replace outgoing CEO A.G. Lafley with David Taylor, a “company veteran.” BofA Merill Lynch analyst Olivia Tong calls the news “positive.” She explains why: Reuters The press, including the WSJ and CNBC, are reporting that David Taylor, Head of Global Beauty, Grooming & Health [...]