Did he push bars of soap barefoot, uphill, both ways?

February 18, 2009

You think you’ve got it it bad in the recession?
Altria CEO Mike Szymanczyk says it is all a matter of perspective.
When asked about how bad this recession was, Szymanczyk harkens back to  the 1970s, when he was a 20-something selling bar soap for Procter & Gamble in Chicago.
“Then the hardest part of your job was finding gasoline,” he told reporters on the sidelines of the Consumer Analyst Group of New York conference in Boca Raton, Fla.
Back then, during the Arab oil embargo, long lines for gasoline were the norm, if you could find a pump with gas.
Later, in the 1980s, Szymanczyk moved to P&G’s headquarters in Cincinnati, where he had a 16 percent mortgage.
On the other hand, he had never heard of credit default swaps back then.  Or of the Engle cigarette case, which he is shown testifying during in the photo above.

(Reuters photo)

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