Congrats, Bill Ackman: Bob McDonald Out At P&G; A.G. Lafley Returning As CEO

Activist investor Bill Ackman has had a rough year with the failure of his handpicked CEO at J.C. Penney, Ron Johnson, and a so-far wrong way short bet on Herbalife. He’s probably smiling tonight, though, after Procter & Gamble announced the departure of CEO Bob McDonald.

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