Tag Archives | Proctor & Gamble

What Would Alexander Hamilton and Wilma Soss Think About the P&G Proxy Fight?

With activist investor Nelson Peltz of Trian Partners making an intense and expensive play for a seat on the board of troubled Proctor & Gamble, the past six months have witnessed the largest proxy battle, and perhaps the oddest one, in U.S. history. In October, it appeared to be over, as the relieved P&G management declared Peltz to be the loser based on its preliminary count of proxy votes.

The drama, however, took an unusual turn in November when Peltz announced that an independent vote count revealed that he indeed had won a seat on the board, albeit by the thinnest of thin margins. Whether Peltz truly succeeded in winning the battle will undoubtedly be hotly contested by P&G. But whatever happens, it is worthwhile at this juncture to put the Peltz play in some historical perspective. What would Founding Father Alexander Hamilton and pioneer “corporate gadfly” Wilma Soss think about the P&G proxy fight? Continue Reading →

Continue Reading ·

PG: How I Voted

Proctor & Gamble (PG) is one of the stocks in my portfolio. Their annual meeting is coming up  on October 11. I voted yesterday using the MoxyVote.com platform. Today is the last day to use it. Tomorrow, you’ll have to use ProxyVote.comMoxyVote.com had recommendations from 13 “good causes,” which included several consolidations.  ProxyDemocracy.org had recommendations from 5 participating funds families.

When it comes to PG, the problem appears to be how to integrate and present the recommendations. Both sites could do a better job in that department, although I do like Moxy’s “Advocate Consensus,” which “represents an overarching opinion of all Advocates on Continue Reading →

Continue Reading ·

Powered by WordPress. Designed by WooThemes