Correspondent, Consumer Products & Retail
Jessica's Feed
Aug 23, 2013

Departed P&G CEO made 5 percent more last year as bonus rose

Aug 23 (Reuters) – Procter & Gamble Co said on Friday
it paid Bob McDonald, the former chairman, president and chief
executive who abruptly left last spring, nearly 5 percent more
last year as the company’s performance improved.

McDonald was replaced in P&G’s top spot on May 23 by his
predecessor, A.G. Lafley. While McDonald’s departure was termed
a retirement, many saw the change as confirmation that his
tenure was a disappointment and that the world’s largest
household products maker needed Lafley to reassure investors and
employees.

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Aug 21, 2013

CVS cuts access to opioid pain-killers for suspect doctors

By Jessica Wohl

(Reuters) – CVS Caremark Corp said on Wednesday that it has taken the unusual step of cutting off access to powerful pain-killers for more than 36 doctors and other healthcare providers found to prescribe the drugs at an alarmingly high rate.

The drugstore chain, which was drawn into a government crackdown on prescription painkiller abuse last year, began revoking the dispensing privileges of certain providers in late 2012, said CVS Chief Medical Officer Troyen Brennan.

Aug 21, 2013