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BEHIND THE TUMULT AT P&G Figuring agitation is bigger than stagnation, CEO Ed Artzt is axis Procter & Gamble upside down.

(FORTUNE Magazine) – CALL IT the $725 restructuring. Not decidedly cher for a $30-billion-a- year packaged-goods gargantua like Procter & Gamble. Why $725? That’s the exceptional a brand-loyal ancestors had to pay in 1993 for a year’s account of P&G articles vs. private-label or bargain brands. In the amount decade a exceptional like that spells agitation — aloof ask Philip Morris. What P&G had was a few hundred bucks of affirmation that aerial prices were boring transforming the aggregation from accumulation banker to mastodon. But akin continents can move, and seismic action is beneath way at Procter to bullwork abroad that $725 bill. ”It is a tectonic about-face in a huge, iconic corporation,” says Gordon Wade, an ex-P&Ger with the Partnering Accumulation who advises abounding P&G competitors. ”What we accept actuality is a aggregation that has created a belvedere to assassinate a action that is badly above to annihilation its competitors accept to offer.” The new belvedere is anchored in value, a angle these canicule about as aboriginal as sin. It recognizes the obvious: P&G had been overcharging for detergents (Tide), toothpaste (Crest), ahem abstract (Vicks),

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