On June 10, 2009, Proctor & Gamble announced that A.G Lafley, one of the most highly revered CEOs in America, will be succeeded by operations chief Robert McDonald effective July 1st. One of the interesting facts that I came across in reading all of the press of the transition came from the Wall Street Journal. (P&G Chooses a New CEO as It Adapts to Era of Thrift – June 9, 2009)
The day of his P&G job interview, Mr. McDonald dined with Mr. Lafley, who was to be Mr. McDonald’s company mentor because they shared military careers prior to P&G. As their company careers crisscrossed over the years, the two would rib each other about their military days.
That should add more weight to the argument about the value of formal mentorship programs.
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