P&G (PG) CEO Slams Activist Nelson Peltz, Says He Would 'Change Soul' of Company - Stock Market Today -BoardProspects

P&G (PG) CEO Slams Activist Nelson Peltz, Says He Would 'Change Soul' of Company

Stock Market Today Oct 3 2017 BoardNews

The deadline for Proctor and Gamble ( PG ) shareholders to vote is drawing ever-closer, and P&G CEO David Taylor has made one last plea to all shareholders to vote to reject the restructuring proposed by activist investor Nelson Peltz. Peltz's fund, Trian Fund Managment which maintains a significant stake in P&G, is urging investors to shake up the consumer goods conglomerate and boost the value of shares. But, Taylor could not disagree more with that view...
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Quotes
1. Nelson Peltz would seek to fundamentally change the soul of our company.
2. He has also advocated small brands; he said big brands can't meet the needs of consumers, I couldn't disagree more.
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Authors
- Giovanni Bruno