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2019-08-11 09:15 by Karl Denninger
in Company Specific , 265 references Ignore this thread
So You Wanna Be Woke Eh?
[Comments enabled]

Looks like someone learned insulting people's common sense won't get you very far.

(Reuters) - Procter & Gamble Co’s (PG.N) quarterly revenue and adjusted profit beat Wall Street expectations on Tuesday, sending shares to a record-high even as the world’s No.1 personal goods company took an $8 billion charge on its Gillette shaving business.

Fox says they blamed it on.... millennials.

Procter & Gamble recently revealed they’ve taken an $8 billion hit on Gillette, citing millennial men’s penchant for beards, a trend apparently “hair” to stay for the time being.

Gillette, if you remember, was the company that ran a "toxic masculinity" ad, making the claim that men are pigs, basically.

That drew some controversy, but didn't hurt them much -- if at all.

But the second ad, which nobody wants to talk about, is another matter.  That ad featured a trans "man" having his "first shave."

In other words, a girl apparently quite a long while prior to being an adult, was dosed up with hormones and thus grew facial hair.  So now "he" is a woman who, through continuing to take drugs, can pretend to be male.

Of course said actor is an activist too.  Gillette couldn't just use an ordinary individual -- no, they had to focus on someone who isn't content to live their own life in their own way, they have to try to make you a part of it and drive public opinion.

Well, my personal views on this are well-known and I'm not going to repudiate them.  I find the entire trans thing to be nothing more than lying to yourself.  I have no quarrel with the fact that some people are unhappy with their draw in the genetic lottery; they wish they were girls if they are boys and vice-versa.

But you can't become what you're not.

You can alter your appearance, but not your genes.  No amount of surgery or hormones will change that.  You will always know what you really are, no matter how much you deny it.  And that, if you refuse to face facts and instead deny them, is destructive.

Being an adult is, to a large degree, all about coming to grips with things as they are.  All children fantasize.  Nearly all fantasize about some sort of physical impossibility.  The girl who wishes -- and believes -- she's a horse.  The boy who believes he's Spider-man.  The kid who sketched Speed Racer's car, in detail, wishing and believing it existed and was his.

One of the key parts of progression into adulthood is accepting facts.  You may enjoy fantasy movies, but you know they're a fantasy.  You know you're not Spider-man.  That Speed Racer's car doesn't exist; there is no car that can jump caverns.  I enjoy Star Wars, but there is no Millennium Falcon and no such thing as a hyperdrive.  And as a grown woman while you may like horses, and ride them, you're not one.

Gillette embraced and extolled fantasy.  But fantasy is not what being a real man is about.  In fact it's the opposite; it is exactly the embracing of fantasy nonsense that leads to so-called "toxic masculinity."  The premise that you're better; that you have a right to grab some woman's ass -- or******her.  The denial of facts -- that we're all created equal but not the same.

Now Gillette is facing reality by force; their shaver business has collapsed.  Embracing fantasy is not "the best a man can be."  In fact it's the opposite.  It's the coddling and support of those who refuse to grow up.  Who refuse to face reality.  Who refuse to accept that which they cannot change.

Gillette, in short, has turned from a company that was part of the landscape of adult men, who went from boys who thought they were Spider-man but became men who knew they had to go to work and build skyscrapers, cars and airplanes, or even dig sewers and lay water lines, to embracing those who are Peter Pan and never grew up.

Men -- who by definition have grown up -- called that what it is and voted with their wallets.

You could hear those wallets snapping closed all across the land.

Be "woke" and go broke.

After all while you can pretend to be male you can't pretend your sales in that category haven't collapsed by more than 10% -- the lawyers won't let you.

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Spanky
Posts: 61
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United States
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#Switch2Schick
Hcs
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maryland
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Gillette is a fully SJW converged company. When this occurs the company only cares of "social justice" nothing else. They will kill the company to further "social justice". Gillette will soon be on the heap of companies that succumbed to this SJW nonsense.
Greyhound
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As long as the stock price goes up, nobody cares about operating numbers. This is a whole different way of making money. And if it ever reversed, P&G would be deemed TBTF and made into a bank, eligible for bailout funds. Investing in TBTF and government sponsored companies, Google, Facebook, Tesla are the only winning trades,
companies with a seat at the table. The Peter Lynch style of investing no longer exists.
Aztrader
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The $8 billion dollar charge was probably not shown in their non-GAAP earnings because every company ignores these one time charges when they spout about beating earnings. The fraud continues....
Rufust445
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Emerald City
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Last Gillette razor I used was the Mach 3. Someone gave me one with a supply of cartridges as a retirement present. I used them, but was not impressed. As the supply of cartridges ran low, I discovered the move to double edge razors on shaving Web sites. Started with '60's vintage Gillette razors, but am currently using two updated DE designs from companies in Korea and with Gillette double edge blades made in Russia and India. People on shaving Web sites who have called Gillette HQ in Boston were unable to talk to anyone who would admit Gillette makes double edge blades.

In a related story, James McNerney, former Boeing CEO on whose watch the 737-MAX decisions were made, started out as a "Brand Manager" at P&G in Cincinnati. From there he went to the GE jet engine plant in Evendale, just a short trip up the road. McNerney may have learned something about jet engines at GE, but he likely knows squat about airframe aerodynamics and handling qualities.

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"The stock market isn't bullish, it's bull$hit." -- Alan King
Oliver1655
Posts: 181
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@ Tickerguy
"It's the coddling and support of those who refuse to grow up. Who refuse to face reality. Who refuse to accept that which they cannot change."

Yep and it spills right over into the denial of the financial apocalypse that is now right on our front door step.

Refusing to face hard mathematical facts on spending and debt, wishing something is what it cannot ever possibly be, denying the harsh realities that lie before us.

It's as if the entire US has been poisoned or drugged into some alternative bizarre opposite world reality.

Is this a secondary effect of carb loading in all the food ? Removing essential fats which are well known to be beneficial and necessary for brain and cognitive development in babies and young children ? Has the fat free food campaign removed a positive component of brain function and altered people's grasp of reality ? Is it causing more Alzheimer and dementia that seem to show up earlier and earlier ?

I sure as H don't know but something has significantly changed in the last 30 years or so to the thought and reasoning processes of a bunch of people.

I don't remember seeing so much insanity when I was growing up . Sure there were always a few that were off or different, now it seems at least greater than 50% have lost their minds and are incapable of rational thought or discussion.

Further proof the Republic is lost.
Robodog
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a red Isle in blue sea MD
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For better than 15 years, I used the double-bladed Sensor razor with excellent results; I never felt the need to upgrade when they updated the model to triple-bladed.

I failed to notice the gradual price increases for the replacement cartridges until ~2008, when WMT de-shelved them, instead keeping them under lock & key. That wake-up call prompted a switch to double-edged safety razors, at a small fraction of the price; although despite the so called safety designation, their use does require more care to avoid pulling out the styptic pencil.

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Out here they're beholden to none, not livin' by another's leave. Last of the Mohicans
The greatest trick the Devil ever pulled was convincing the world he didn't exist. The Usual Suspects
Radiosity
Posts: 268
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Sunny UK
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Oliver: "Is this a secondary effect of carb loading in all the food ? Removing essential fats which are well known to be beneficial and necessary for brain and cognitive development in babies and young children ? Has the fat free food campaign removed a positive component of brain function and altered people's grasp of reality ? Is it causing more Alzheimer and dementia that seem to show up earlier and earlier ?"

Doubtful. It's just that the Commies managed to infiltrate all the 'education' institutions and are indoctrinating kids from as young as 2 years now. It went under the radar because it took a couple of decades for the kids to actually go through the new system (and existing generations, like X, my gen, weren't as affected because it hadn't been brought in fully yet).

All those kids are now in the 20-35 range and we're seeing exactly how destructive that 'education' was, because the drones are getting into positions of power and revealing the extent of the damage. It's unlikely we'll ever recover, frankly. Not without a full collapse and killing off most of a whole generation in one way or another... which looks likely to happen.
Rufust445
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Emerald City
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Robodog wrote..
For better than 15 years, I used the double-bladed Sensor razor with excellent results; I never felt the need to upgrade when they updated the model to triple-bladed.

I failed to notice the gradual price increases for the replacement cartridges until ~2008, when WMT de-shelved them, instead keeping them under lock & key. That wake-up call prompted a switch to double-edged safety razors, at a small fraction of the price; although despite the so called safety designation, their use does require more care to avoid pulling out the styptic pencil.
One poster on a shaving web site worked in retail. On a retail convention in Europe, he learned that replacement blade cartridges for plastic razors were the second most shoplifted item worldwide.

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"The stock market isn't bullish, it's bull$hit." -- Alan King
Mangymutt
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Vancouver WA
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Quote:
You may enjoy fantasy movies, but you know they're a fantasy. You know you're not Spider-man.


What The HELL you Say?

Spider-Mutt, Spider-Mutt, doing what a spider-mutt does....Don't mess with my fantasy man. Or I will tell the Hulk to come Smash You!!!
Lobo
Posts: 635
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Quote:
But fantasy is not what being a real man is about.

This!

Being a real man means living up to your responsibilities. I know a couple 60 year olds that think they should still be able to spend their money on toys and booze. I have a lot of contempt for them. They have no recognition of what their family needs and they spend grocery and utilities money on crap. Grow up, you ****s. Do your best to fulfill your responsibilities and don't whine to me about your "burdens."

**** Gillette.

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Village Idiot
Bluemarrow
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Earth
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If the beard excuse was valid, the decreased revenue in the blade business would have been at least partially offset by increases from their beard related products.

Most companies would have indicated such, as they always hype the positive, especially when they make excuses for the negatives.

Unless, of course, beard related product revenue was off too......
Tinman
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I'll admit I have not voted with my wallet. I use Mach 3. I used to use Mach 2 and liked them better as you could get closer to underneath your nose. Notice though when they introduced the more expensive Mach 3 the Mach 2 were not as sharp. They deprecated their less expensive product.
Hot-dog-guy
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Great. Just great. I have had the same Gillette razor handle for over 20 years. I think it's an Ultra. That came before the Mach III I think. Should we be concerned that our razors will suddenly try to slash our evil nazi cis gendered throats?

How many cinematic and literary tropes about "beware the hand which holds the razor" just got activated? I'm actually starting to miss liberal artists. The old kind who actually read books. Back then it wasn't even called Liberal Arts, it was still called Letters And Sciences. Then they burned all the letters and politicized the sciences.

One of my fave feminists, Prof. Camille Paglia mourned this state of affairs as she made an allusion to a pretty popular character and inflection point in Western literature, Moses and the parting of the Red Sea. And she realized that maybe 1 out of 100 students can even correctly attribute this character to the bible. Or Pentachtuech. Or even Koran. She's like these kids just re-invented illiteracy!

I'm whistful now for the common or garden variety nihilists I knew in college. They could at least put up a spirited postmodern argument and suddenly you are faced with Machiavelli, Nietzsche, Schopenhauer, Marx, Engels and Trotsky!

Just for a final whoop, I have generally always kept some facial hair on the basis of horror at the state of men in this culture because MEN GROW BEARDS and THE DESIRE TO SHAVE IS A DESIRE TO LOOK LIKE A PRE-PUBESCENT BOY and so is coloring your grey hair. It's all part of this "cult of youth" thing so far as I can tell.

And then of course is the ghost of Red Cloud who urged his enemies, he said "tell your men to grow their hair long so we can have honor when we kill them" because in most native culture, shorn haircuts? Are strictly for kids.

Booya!
Wa9jml
Posts: 425
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DeKalb, Illinois
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Since I have not shaved since about 1975, I have been systematically choosing alternatives to P&G products. Not surprisingly, their competition actually provides a superior product in many instances.
Drifter
Posts: 312
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Pacific Northwest
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I ordered a bunch of gillette sensor 2's, before I heard about the masculinity ads. Never again.

Get woke, go broke.
Hot-dog-guy
Posts: 73
Incept: 2019-04-03

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As with all consumer products it's said you get what you pay for. Someone aptly pointed out that it's about the finer aspects like a blade design that let's you do the under-nose. But how in the world are we construed as paying for a campaign to feminize us?

I saw the first commercial of dispute and almost vomited by breakfast gin right back in my breakfast Cheerios. This one with the trans? I can't even look at this stuff anymore. I'm conspicuously not clicking. I'll be glad if I never see another one of same. Classic definition of prejudice. I don't need to see it to know I hate it.

Because the truth is, Cheerios are cheap but a bottle of Forager's Clogau should never be wasted.
Jfms99
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Msumelle, Ar
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I haven't used any Gillette or brand name expensive blades, etc., in over 20 years. I use the BIC disposables, 12 to package for about $4.00. They last me quite awhile and do a great job. They are usually located in the women's shaving section. I also use Barbasol Shaving cream and it's cheap to.
Inline
Aquapura
Posts: 902
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South of Canada
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When I was in college the razor co's would give away free "starter kits" in the student union. I recall getting a Mach III and the Schick alternative at the time. Of course they came with just one razor head and it didn't take much to put 2 & 2 together that the profits were in the replacement heads. Of course I went with Schick just because they were cheaper. Switched to a mail order razor company a few years back as they were even less expensive. Also have a small honing stone for disposable razor heads. Extends useful life of a razor by at least a couple weeks. In my lifetime I think the most $$ I've ever given Gillette is maybe some shave cream, but never their ridiculous priced blades.
Tinman
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Aquapura, I resharpen mine also. You only need the ball of your hand though.
Stee_man
Posts: 144
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Generic double edge safety razors, 10 pack for about 2 bucks. The ones with a swiveling head cut me up terribly, but the ones with the pink handle marketed to women work very well. I'll get a year of use for the $2.

It just cuts your hair. I never understood why people think 3 blades or even 4 are necessary. Or why different colored plastic makes any difference.

I live near a large college. Young people are not growing beards more than before. This company specializes in marketing, whether to consumers or shareholders.

Mangymutt
Posts: 1135
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Vancouver WA
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Stee_man
Quote:
I live near a large college. Young people are not growing beards more than before.


Not even the women?
Aethor
Posts: 407
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Denial of reality on the side of the trans-whatever person aside - after all, crazy is crazy and you don't expect better - I see an epic denial of reality on the side of Gilette top management.

Think about it: who makes 99.99% of the market for a company making shaving products? Men. Yeah, some women may shave their legs, but that's not nearly as often.

Trans-something who can now shave, being pumped with hormones? I would be surprised if they make 1 in a million.

So the company runs an ad that's guaranteed to******off 99% of their market, to make under-1-% happy?


From a purely business viewpoint, it makes zero sense. It's like they're willing to wreck their own company just to make a point - and a point which most people will disagree with, at that.

How much of a denial of reality was it, for their C-whatever-O to think that this ad was a good idea?


Radiosity
Posts: 268
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Sunny UK
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Aethor - it's not the CEO's decision, it was a woman who heads up their marketing. An avowed feminist. The rest makes perfect sense when you know that. She's even on record as saying that the message is more important than the money they might lose/make.
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