1 Thing Procter & Gamble Co. Left Out of Its Proxy Fight Response

After receiving a direct challenge to its management team from an activist investor, Procter & Gamble (NYSE: PG) fired back this week in a combative press release.

In the return volley, the consumer products giant defended its portfolio strategy, its cost-cutting efforts, and its progress at transforming the huge business into a stronger, more flexible organization -- all without addressing a core complaint about its worsening market share position.

Image source: Getty Images.

Source: Fool.com