OTHER NEWS - May 10, 1994
From Times Staff and Wire Reports
SEC Seeks Derivatives Trade Data From P&G;: The consumer products company said the Securities and Exchange Commission requested the information about its derivatives trading, which caused it to take a $157-million pretax charge in its fiscal third quarter. The Wall Street Journal reported that Procter & Gamble Co. is considering cutting or eliminating this year’s executive bonuses to offset a portion of the loss from its derivative investments. Derivatives were originally devised as a way to limit exposure to such potential risks as rising interest rates or falling currency rates, but they are also used to speculate.
