What Procter & Gamble Should Take Away From Its Brawl With Nelson Peltz
One of the costliest proxy battles ever, between activist investor Nelson Peltz and Procter & Gamble Co. (NYSE: PG), ended with Peltz losing the right to a board seat by roughly one-third of one percent, at least according to preliminary tallies released this week by Procter & Gamble.
Since neither side can claim a decisive victory, the onus is now on P&G's board to prove that the company will indeed thrive without implementing Peltz's suggestions, which included a reorganization of the company into three global business units, a sharper focus on small and midsize brands, and a more substantive digital advertising approach.
Through Peltz's TV interviews, and his firm Trian Partners' lengthy white paper outlining the case against P&G, one theme appeared to rise to the surface during the lead-up to the proxy vote. Trian asserted that P&G has an extremely insular culture, and that this as much as anything underlies the company's weak shareholder return versus its peers over the last 10 years.
Source: Fool.com
Procter & Gamble Co. Aktie
Volle Unterstützung für Procter & Gamble Co.: Nur Buy-Einschätzungen, keine Sell-Einschätzungen.
Das Community-Kursziel von 159 € für Procter & Gamble Co. deutet auf ein leicht positives Wachstumspotenzial gegenüber 152.92 € hin.