Profit sharing plan must be 'extra' to wages, senate committee told. Washington, D.C., Nov. 21. Richard R. Deupree, President of Proctor and Gamble Co., Cincinnati, Ohio, today told the Senate Finance Subcommittee that his firm's profit-sharing system has exercised important influences in maintaining amicable labor relations for 50 years. He agreed, however, that the profit-sharing plan must be extra to a steady job, Deupree told the Committee that in his experience the plan was conducive to thrift and home ownership, and that 99 per cent of the employees eligible participated in the plan