P&G proxy fight's outcome: chief critic Nelson Peltz joining board

nelsonpeltz.jpg

Neither side has a clear short term mandate. Its time to name a lead director.

Mr. Taylor and Mr. Peltz need to listen to each other. A new lead director will help facilitate the discussion. It’s time to move on so this new Board can govern more effectively during the rebalancing of power from management to the shareholders. For all of our sake here in Cincinnati and in the P&G community of employees and shareholders, we need to get this right. Long live P&G! 

 

Read more here:  https://www.cincinnati.com/story/money/2017/12/15/p-g-agrees-add-hedge-fund-investor-nelson-peltz-board/956669001/