This Won't Be the Last We'll Hear of P&G-Peltz Scrum

The votes are in ... at least the preliminary ones, and they are indicating that activist investor Nelson Peltz lost his bid to win a board seat at Procter & Gamble (PG) .

As background, Peltz has been calling for further change at Procter, including streamlining its operations and bringing in outside talent. Resistant Procter has countered, saying doing so would disrupt a turnaround that has already been initiated and focuses on strengthening and streamlining the company's category and brand portfolio. The thing is even in the company's June 2017 quarter, its organic growth lagged behind underlying market growth and its presence in the increasingly consumer-favored online market was a paltry 5% of total sales for the quarter. ...537 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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