What is clear is that (the) uncertain macro environment and brand turnaround begun too late are not just short-term hiccups,

While an uncertain market may overshadow the impact of some of our restructuring initiatives in the short-term, the implementation of various operating efficiencies and the selective refocusing of business units will allow us to strengthen our foundation for future growth in addition to maintaining a commitment to building long-term shareholder value,

Management's ability to hold it together in a tough operating environment is commendable, but pricing dynamics in U.S. and Europe personal care remain worrisome,

It's been going on for a long enough time that you say it's not just a short-term anomaly. There's something going on here.

For him who confesses, shams are over and realities have begun; he has exteriorized his rottenness. If he has not actually got rid of it, he at least no longer smears it over with a hypocritical show of virtue -- he lives at least upon a basis of veracity.

We are looking to jumpstart the program, ... This is not a short-term fix.