[Congressional Record Volume 141, Number 85 (Monday, May 22, 1995)]
[Extensions of Remarks]
[Page E1089]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

[[Page E1089]]

        A SALUTE TO EDWIN L. ARTZT: INTERNATIONAL BUSINESS LEADER

                                 ______


                            HON. ROB PORTMAN

                                of ohio

                    in the house of representatives

                          Monday, May 22, 1995
  Mr. PORTMAN. Mr. Speaker, I am pleased today to recognize a prominent 
Cincinnatian, Edwin L. Artzt, on the occasion of his retirement as 
chairman of the board and chief executive officer of the Procter & 
Gamble Co. Today we thank him for the vision and service that he has so 
generously given to his company and to his community.
  Ed began his career with Proctor and Gamble in 1953 in the sales 
training department. He worked nearly 40 years in positions both at 
home and abroad to become chairman and CEO of the company in 1990. 
During his tenure as chief executive, Ed concentrated on innovating new 
products, improving the efficiency of operations and globalizing the 
business and building the organization. Under his leadership, Procter & 
Gamble's earnings increased at an average growth rate of 14 percent and 
the real earnings growth rate (after inflation) has been 10 percent, 
more than double the company's historic average. Procter & Gamble began 
its concentration on value pricing and expanded its international 
operations, adding business in 10 additional countries. His vision has 
strengthened our economy locally and nationally.
  Ed has brought his high caliber of leadership to many areas outside 
of Procter & Gamble. Serving our Nation, he has been an influential 
advocate of world trade as a member of President Clinton's Advisory 
Committee on Trade Policy and Negotiations, the Council on Foreign 
Relations and the Business Roundtable.
  In the Cincinnati community, he has given his time and talent by 
serving on the board of the Cincinnati Business Committee and the board 
of trustees of the Cincinnati Institute of Fine Arts. I know firsthand 
that he has found time to give of himself. He was my little league 
baseball coach 30 years ago.
  Long a champion of business education, Ed has helped to groom 
business leaders of the future in his work as a member of the board of 
visitors to the Anderson Graduate School of Business Management at UCLA 
and the board of overseers of the Wharton School. Within P&G, his 
vision was the inspiration for creating a P&G College, where employees 
continue their education with innovative courses on business trends.
  All of us in Cincinnati congratulate Ed for his numerous 
accomplishments in both private and public enterprise. We are grateful 
for his service to Cincinnati and to our Nation.


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