1. ADP Needs a New CFO, Says Research Firm

    ADP Needs a New CFO, Says Research Firm

    The Link Between Good Investor Relations and Stock Price The statement came in a note criticizing the substance of activist investor Bill Ackman’s threatened proxy fight at ADP, which was launched in August. Management CV calls the proxy fight “misguided”; while Pershing Square (Ackman’s firm) “makes some good points about missed opportunities,” according to Management CV, Ackman “incorrectly” calls for a new chief executive to replace current president & CEO Carlos Rodriguez...

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    1. We do not think that [Rodriguez] is doing a bad job or that the board of directors needs a new slate of Pershing Square nominees.
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