Companies and Brands
P&G Defends Its Strategy & Its CEO Against Rumors & Activists (PG)
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Now we have an SEC filing from P&G’s board of directors stating:
Some may take this as a key defense. Others will say that it is just like a baseball teams issuing a defense of their failing managers saying “We had a vote of confidence and are in full support of our manager” that ends up coming days to weeks before that manager is fired.
We have asked our readers to play arm-chair activist here by telling us via our poll what is the best strategy to pursue to turn P&G back around. We have some serious concerns about what an activist group can do here because of a $175+ billion market value. Tell us what you think an activist should try to do at P&G to boost shareholder value:
[polldaddy poll=6385563]
P&G shares have pulled back and are currently down 0.3% at $64.57 so far on Wednesday. Again, keep in mind that this is a DJIA component.
JON C. OGG
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