Last fall, Procter & Gamble Co. Chief Executive David Taylor, waging the costliest board fight in history, took the stage at the company’s annual shareholder meeting and vowed the maker of Tide and Pampers had made “dramatic changes” and was headed to “new heights.”But a year after its duel with activist investor Nelson Peltz, the Cincinnati consumer-products giant has stagnated, stymied by competition, rising materials costs and its own bureaucracy, according to executives, analysts and people familiar with the business....

Source: Wall Street Journal September 29, 2018 03:56 UTC