RECAP: P&G keeps activist investor Nelson Peltz off Board of Directors

Posted at 9:24 AM, Oct 10, 2017
and last updated 2017-10-10 13:30:17-04

Procter & Gamble Co. kept activist investor Nelson Peltz off its board Tuesday in the most expensive corporate election ever held in the U.S.

The three-month fight cost at least $65 million. Peltz and P&G traded accusations and lobbied shareholders to support their point of view. Trian Fund Management L.P. claimed an “overly complex organizational structure” stymied growth and discouraged innovation at the Cincinnati-based maker of Tide detergent, Pampers diapers, Gillette razors and Crest toothpaste.

See a recap of WCPO's coverage in the blog below: