CEO: I am the hero, externalities are the villains

P&G to Philip Morris Blame Currency for Forecast Cuts - Bloomberg: "‘Woe Is Us’
“From the perspective of the CEO, good news is their own doing and bad news is an externality,” said Sonnenfeld. “It’s Europe and currency. It’s Obamacare. It’s all this horrible uncertainty. Woe is us. The problem is, you often have competitors in the same industry and they aren’t all suffering the same injury.”
P&G rival Kimberly-Clark Corp. (KMB) reaffirmed a full-year forecast for adjusted earnings of $5 to $5.15 a share on April 20. Analysts estimate sales and earnings rose in the second quarter. The company generated about half of its revenue outside North America last year, compared with 59 percent for P&G."

'via Blog this'