[Zhang Fei]

The article is a little misleading. It sounds like a tax maneuver such that P&G gets to defer paying taxes on current income. Gillette’s fairly expensive as razor blades go. Someone who buys Gillette over cheaper substitutes presumably feels they’re worth the extra money. I don’t see the value, but then again, I don’t drink Starbucks either, and they’re prospering.

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https://www.wcpo.com/money/local-business-news/procter-gamble-continues-growth-streak-with-year-end-results
[Chief Financial Officer Jon Moeller told reporters that Gillette posted 4 percent organic sales growth in the quarter and continues to be an attractive business for P&G.]

[DIRTYSECRET]

It’s amazing that people make 7 figure salaries to make stupid mistakes like that. It will continue to happen. Just look at Colin Kapernick. Actually he’s smart. Can’t play so he takes down the league with him after he’s made millions. Still the NFL could have turned off the cameras during the national anthem while they were kneeling. Shows how much brains they have.

[AnotherUnixGeek]

Someone who buys Gillette over cheaper substitutes presumably feels they’re worth the extra money.

A guy who buys Gillette over cheaper substitutes is probably not aware of the cheaper substitutes. Most younger men have no idea that such things as double-edged razors even exist, since their fathers never used them, and straight razors are something they might have seen Daniel Craig use in a Bond movie once. Gillette dominates the disposable multi-blade cartridge market, which is considered the only way to shave by far too many men.

[pepsi_junkie]

It is indeed an accounting thing only. When they bought Gillette they paid more than the property and equipment is worth. In the accounting statements they include the value of property and equipment so how do they show that extra they paid? They are something called “goodwill”. It sits on the books forever as a fake asset just there to balance the books because you overpaid ( based on the book value of the stuff in the business you bought). The only way to get rid of it is to depreciate it slowly away over years or write it all off in one big hit. They decided to take one big hit and save taxes as a result.

I want this to be a great schadenfreud moment but I don’t think it really is. But I’m not a CPA, just a guy who took an accounting class 20 years ago so I could easily be wrong.

[wardaddy]

It’s not misleading that they have lost significant market share in the razor business

Declining 11 of past 12 quarters

No question the ad campaign failed and failed badly

That psycho feminist bitch from Australia who’s done this before was behind this ad pitch

WTF were Proctor and Gamble marketing heads thinking......hiring these estrogen deprived freaks..below......

article on who produced the toxic masculinity ad campaign here