Gillette's Growing (and Shrinking) Pains
Couple of news items in recent days relating to the fallout of Gillette's acquisition by Procter and Gamble. First, the Gillette packaging plant in Devens, MA will be closed and relocated, causing around 100 workers to lose their jobs. From the Lowell Sun:
The "pack to order" operation, which caters to retailers that need special packaging or displays for promotional reasons, will be relocated to Greensboro, N.C., said Gillette spokesman Eric Kraus.
And on the opposite side of the org chart, Gillette CEO Jim Kilts is throwing in the towel, although
To qualify for his full bonus, he will remain as P&G “vice-chairman” until October to “oversee” the integration of Gillette into its new parent company.
You don't want to know how much money he's going to make by phoning it in for the next 5 months. But if you're a glutton for pain you can read the estimate in this Boston Herald article.
What's the lesson in all of this? It's good to be CEO. It's bad to be a temporary employee. P&G - you'll be receiving my resume for the newly open Chief Executive position. Why yes, I do have experience in the shaving industry...
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Posted by Russell Neufeld at May 25, 2006 1:28 PM
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