Procter & Gamble Co. is pointing to its latest results to show its brand streamlining is working, but the firm is speaking directly to shareholders to appeal for votes against activist investor Nelson Peltz joining its board.
A week after reporting its fiscal 2017 fourth-quarter results and outlining plans for sustaining growth through focused advertising spending and returning to merger and acquisition activity, P&G in an Aug
Signed by President and CEO and Chairman David Taylor, the letter asked shareholders not to vote in favor of a proxy to add Peltz to the board and instead vote on P&G’s 11 director nominees