Bingo! Proctor & Gamble is indeed the quiz answer. PG just raised its dividend for the 53rd consecutive year, which handily beats JNJ (46 years) and ABT (37 years).
I was beginning to think that no one would get this one :- )
Procter & Gamble Co. is preparing a major management transition that would replace Chief Executive A.G. Lafley with Robert McDonald, a 29-year veteran at the consumer-products giant, according to people familiar with the matter.
Mr. Lafley will remain chairman and maintain a hands-on role in managing P&G, a person close to the company said. An announcement of the transition could come as early as Tuesday, after P&G's board votes on the matter in a regularly scheduled meeting, this person said.
A P&G spokeswoman declined to comment.
The transition, expected on July 1, comes at a troubled time for the 172-year-old company that made brands like Crest, Charmin and Tide household names and helped invent modern consumer-product marketing.[PG’s stock is cheap enough to be a good value, IMO.]‹
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