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

Posted: 9:24 AM, Oct 10, 2017
Updated: 2017-10-10 17:30:17Z
RECAP: P&G keeps activist investor Nelson Peltz off Board of Directors

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: