An epic but inconsequential proxy vote at Procter & Gamble

Published: 12/10/2017
An epic but inconsequential proxy vote at Procter & Gamble
Source: WWW.ECONOMIST.COM

SHAREHOLDER meetings in Ohio are not usually the stuff of high drama, but a recent gathering was a nail-biter. Nelson Peltz of Trian Fund Management, an activist hedge fund, sought a seat on the board of Procter & Gamble (P&G), the world’s largest consumer-goods company, in a proxy vote on October 10th. It was the biggest such battle ever. In the weeks leading up to P&G’s shareholder meeting, the

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