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P&G boardroom brawl nears decision day

Tuesday's shareholder vote at Procter & Gamble pits it against activist investor - hedge-fund chief Nelson Peltz

Published Sun, Oct 8, 2017 · 09:50 PM
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New York

A COSTLY months-long battle over the direction of one of America's biggest companies culminates on Tuesday with a shareholder vote at Procter & Gamble headquarters in Cincinnati.

The fight pits the maker of Gillette razors and Olay soap against activist investor Nelson Peltz, 75, a billionaire hedge fund chief who has pitched himself as the outsider needed to reignite P&G, the largest company by market capitalisation ever to face a proxy battle.

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