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ADP Vote to Offer a Status Check on Standing of Activist Investor Ackman

wsj.com

Automatic Data Processing Inc. has spent the past several years trying to modernize its business. On Tuesday, shareholders will decide whether those moves are enough or if they want to allow one of Wall Street’s most powerful and polarizing investors into the boardroom. Famed hedge fund manager William Ackman is seeking a seat for himself and two others on ADP’s 10-person board, saying it has fallen behind hot technology companies that have made its human-resources industry user-friendly...

Mentions: Investors Hedge Fund Automatic Data Processing