Published: Mon, July 17, 2017
Sport | By Wendy Sparks

Peltz Launches Proxy Fight with Procter & Gamble

Peltz Launches Proxy Fight with Procter & Gamble

Investor Nelson Peltz is planning to launch a bid for a board seat at consumer goods giant Procter & Gamble (P&G), people familiar with the matter have told the Wall Street Journal.

Peltz's Trian Fund Management is a key shareholder in P&G, with roughly $US3.3 billion of stock. P.& increasing its online presence and has fought back with price cuts, but its stock price has lagged competitors' and the Standard & Poor's 500 index in the a year ago, and - as Mr. Peltz points out - over the last decade.

P&G has increased operating profit margins, to 20.6% previous year from 19.1% in 2011, and says it ranks third in the industry - behind competitors that also charge high premiums. The firm's campaign website ( and press release has few immediate changes proposed for the company other than advocating for a geographic organizational structure that it believes will empower divisional leaders to make faster and better decisions.Shares of P&G were up slightly at $87.72 in afternoon trade. It seeks a board seat at almost all of its companies so that it can tap the "perfect information" only insiders have and can change the discussion about what is working and what isn't.

In Wake Of Brexit Merkel Vows To Strengthen EU
Hours before Merkel's interview, Schulz unveiled a campaign plan that would include "much higher" infrastructure investment. Polls ahead of the September 24 election show Merkel in a strong position.

However, it does want to bring change to the company, which includes cutting cost and management.

For instance, Peltz acknowledged during a CNBC interview that P&G is a "great company" that's backed by a "phenomenal" CEO David Taylor who hasn't yet lived up to his full potential. Shares of rival Johnson & Johnson are up 15 percent in the same period, Colgate-Palmolive up 11 percent and Kimberly-Clark up 9 percent. P&G's quarterly organic sales, which excludes acquisitions and divestitures, has fallen just once during his one and half years at the helm.

US consumer products giant Procter & Gamble (PG) Monday became the target of potentially the largest-ever proxy fight.

Oil edges up towards $49, U.S. drilling slowdown supports
On the whole, given the selloff in the recent months, we mentioned last week that some short-covering was on the anvil. Indeed, the OPEC has warned of a likely surplus of production in 2018 although being at a high level already.

In reiterating its Hold rating on the shares, DB says PG "has missed a number of big industry changes over the last several years, notably share losses in USA men's shaving and China broadly, but we believe management is now more focused than ever to bring superior innovation to the market to drive share gains". "I like the man".

P&G has said changes introduced from late 2015 will save $US10 billion in annual expenses by 2021, and has cut 24,000 jobs since 2012. P&G rejected naming Mr. Peltz to the board and said in a statement it "is confident that the changes being made are producing results". Peltz's first move as director would be to reinstate the board member he displaces.

Company executives have been implementing a strategy to sell off lower-selling brands and refocus P&G on its 65 top-selling labels, including Pampers and Tide.

Of Course Blue Ivy is The Dopest Big Sister Ever
However, thanks to Tina Knowles and her entertaining Instagram account, we have some insight. "This is my real life". She's a good big sister, she really is. "She cares for them a lot", Tina's husband, Richard Lawson, added.

Like this: