Procter & Gamble: An Equitable Distribution of Profits

William (Coop) Procter and Procter & Gamble's First Profit Sharing Plan from 1887.

​During his time, Mr. Procter had to balance investments wisely between his stakeholder communities as he transitioned the company from manufacturing soap almost like it was made in home kettles to an automated, massive production machine with a hundred “kettles,” each one of which was three stories high, heated by steam coils, and filled with 175,000 pounds of fats/oils, caustic soda solution, and salts.

He performed a wonderful balancing act over almost five decades. He ensured that profits from employee productivity improvements rose ever upward to meet the investing requirements of the business. ​William Cooper Procter then safeguarded the future of his corporation, the products of his customers, the dividends paid to his shareholders, and the livelihoods of tens of thousands of his employees, by … investing in the corporation’s products, processes, and people by expanding into new markets, and maintaining a sound financial position.

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