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As CEO of the $96 billion Sam’s Club, Latriece Watkins is testing her mettle at the warehouse retailer that produced CEOs for Walmart, Target, and Walgreens

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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

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FinanceTerm Sheet

The Directors: Procter & Gamble

By
Jessica Shambora
Jessica Shambora
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By
Jessica Shambora
Jessica Shambora
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May 13, 2011, 6:16 PM ET

Editor’s Note: The full series of The Directors will be published online on Wednesday May 18th. In this preview photo of the P&G (PG) board, taken on February 8th, note the inclusion of Rajat Gupta, far right. Gupta resigned from the board a few weeks later, after being charged with insider trading by the Securities and Exchange Commission. The Directors photo series is from the May 23, 2011 issue of Fortune
. To see the series in its entirety today, visit your local newsstand or
download the
Fortune iPad app, which is available on iTunes. Print subscribers to the U.S. edition of Fortune
can access the iPad edition FREE. To become a print subscriber,
click here.

FORTUNE — The 174-year-old consumer products giant makes Tide laundry detergent, Gillette razors, and, yes, Pampers diapers. Its iconic brands can be found in nearly two-thirds of homes worldwide. While revenue was flat in 2010, Procter & Gamble (No. 26) has 23 products with sales of $1 billion each, and its $12.7 billion in earnings puts the company among the most profitable on the Fortune 500. –Jessica Shambora

LEFT TO RIGHT: W. James McNerney Jr., CEO, Boeing; Patricia Woertz, CEO, Archer Daniels Midland; Scott Cook, chairman of executive committee of the board, Intuit; Ken Chenault, CEO, American Express; Susan Desmond-Hellmann, chancellor, University of California at San Francisco; Johnathan Rodgers, CEO, TV One; Ernesto Zedillo, former President of Mexico and professor, Yale University; Mary Agnes Wilderotter, CEO, Frontier Communications; Angela Braly, CEO, WellPoint; Rajat Gupta, former managing director, McKinsey (resigned from P&G board in March after he was charged with insider trading by the SEC); Robert McDonald, CEO, P&G (kneeling)

About the Author
By Jessica Shambora
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