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When an Acquisition Goes Awry It's Usually Because of Culture (i4cp login required)

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Lafley, P&G’s chairman, president, and CEO at the time (Lafley retired in 2015), described how important culture was in his early acquisition discussions with Gillette’s CEO, Jim Kilt, who called him to propose a deal. “It The companies also had very similar organizational structures. But another big reason was the focus on culture.