but these other guys like a.g. lafleymyron ullma who was basically ousted out of jcpenney for po performance. they put mebody else in and got to bring him back, what does it tell you about a company? >> what it tells you they made the wro decision on succession. it is one thingg for a founder, no one likes to leave the corporate thrown. melissa: yeah. >> so they want to get back. it doesn't always work the formeread of occidental tried to get back, got tossed off the board for his efforts. they did not want him back even though the current ceo had certain questions about his performance. >> in the case of founders they always know how to do it better than successors. in the case a starbucks it certainly has worked out. steve as you alluded to, was fired from his job. lissa: right. >> took him 12 years to learn how to be a ceo. he was a terrible leader in his 20s when heame back, he was a formidable one. melissa: what did he learn? how did he learn this time around? >> he learned how to attract talented people, how to get

week, the consumer products company announced it had replaced ceo robert mcdonald with former ceo a.g. lafley. mcdonald told vendors that "too much attention" had become a distraction, and it was time to change that dynamic. now, the company will focus on increasing sales. bill ulivieri of cenacle capital management expects the stock to deliver returns, but slowly. "these large-cap companies move slowly, the ship turns very slowly. and even as they begin unlocking value, you have to keep your expectations in line for what type of stock it is. it's not target, it's not heinz corporation. procter and gamble is what it is, and that's the beauty of the company." ulivieri notes that p&g is doing particularly well in emerging markets. the future of lois lerner is in the hands of the house oversight committee. the irs suspended lerner from her position as director of exempt organizations. she held the job while the agency filtered applications for tax-exempt status for words such as "patriot" and "tea party." lerner defended her actions last week, saying she had not broken laws or agency regulations

bringing back a.g. lafley, who replaces bob mcdonald effective immediately. buy, sell or hold this stock? karen, what do you say? >> i actually was thinking sell. the fact that they brought him in, sort of makes you wonder, is there a problem there? and it's not trading like there is a problem. >> they did say it doesn't actually indicate there's a problem there, but maybe -- >> maybe, maybe. >> how do you explain all the activism, though? >> the activist case, though -- the activist case, though, is that the company is distracted. the ceo is on 26 different boards. frankly, i think the ceo made a great trade. gotham fishing or another year of calls from gallackman. >> you need an innovator. mcdonald wasn't one. you need things that are going to steal market share -- >> this stock is number one, in, like, 20 categories -- >> these guys -- the criticism, though, is these guys have not been doing on margin. they have a high margin portfolio and mcdonald was going after emerging market growth. that doesn't work. bounty and, i don't note, tide -- >> they've had m

a.g. lafley was very good at ru structuring. he came in, cut out like 17,000 jobs. >> is your sense, though, that, you know, some people say he contributed to what is arguably become an unwieldy structure? meaning it is a very big company? some say it needs more focus. that is one of bill ackman's big arguments. he wants innovation. ultimately, if that is the construct that a.g. lafley created, could you see him restructuring the firm and ek braing it up rather than rebuilding it? does that continue or does he shift gears? >> he can do it. i think he can come in and make a difference. in the second world war, generals patton, montgomery, churchill, they came back out of moth ball retirement to lead the cause to greater glory. in lafley's case, he stepped down in 2009 in july. guess what? in august of 2009, they had the biggest fall in sales since he had taken off. a lot of the success in p&g were acquisitions. the uncompleted job was left to deal with. it could be mcdonald was a very good coo, and you see that a lot of times, th

so, a.g. lafleying to run the household goods company that obviously is a worldwide name and you can see the shareholders right now are loving it. >> hey, 4% up for a stock the size and clout of p&g. that's a solid gain indeed. the old guy coming back. >> nicole, thanks indeed. we are down 59 points, all right, a refreshing moment of honesty from the chief executive. did sears chief eddie lambert blame the weather or the economy for the company's weak results? no, he did not. he said they could be doing much better. whoa, i'm choking up on this, 16% down. so much for honesty from the ceo. charles: he should be honest, but should have taken it a step further and said look, i don't know what the hell i'm doing. stuart: ooh. charles: eddie lambert first accumulates this position on sears. and everybody on wall street is cheering, he's the next warren buffett. and then a real estate play and i remember changing the channel and eddie lambert is the man. they never did anything with the business. and you e

a.g. lafley returns at ceo. it's friday, may 24th, the official start to summer.ox" begins right now. good morning, everybody. i'm becky quick along with joe kernen and andrew ross sorkin. we are gearing up for that three-day weekend. we start this morning with the markets. the stocks at this point look like they are indicated slightly lower. those dow futures down by about 18 points coming after u.s. stocks are coming off their first two-day losing streak in more than a month. the nasdaq and the s&p 500 are both indicated lower, as well. s&p 500 futures down by about 4 points. in overseas action, the nikkei finished the day up 0.9%. not much of a rebound

a.g. lafley back at the helm.lk to two of the biggest names in aviation. delta ceo and sir richard branson. >> that's right. plus pandora's shares are popping today after the internet radio company raised its guidance, but should pandora be worried about apple and google getting in to the streaming service? we'll discuss. >> first, all rise. >> the judge is in the house. scott wapner is in for the shake-up with p & g and we had a long discussion about how it had to do with this. >> it's my understanding that he doesn't have a lot to do with the move itself, but he's been very vocal against been mcdonald for the time that he was there which is interesting because he's got a 1% stake and it's not like the company has performed so terribly since he took the stake back in july of 2012. it may have underperformed some of its peers and kimberly-clark and others that you have mentioned, but the stock is up 30% since ackman got in the game and when i spoke with him last night, he's clearly happy about the move. there's no