Activist Investor 'Buzz' Annoys Colgate CEO As Earnings Sting Shareholders

Colgate CEO Ian Cook says speculation its recent organic sales misses and competitive pressure make it an activist investor target is “noise” and the firm will combat competitive pressure through increased advertising, growing e-commerce and expanding its natural product lines.

Colgate-Palmolive Co. President and CEO Ian Cook says conjecture about activist investor interest or potential acquisitions are an "enormous distraction" from the firm's strategy to turn around slumping sales that analysts say are leaving investors uneasy.

During Colgate's fiscal 2017 second-quarter earnings briefing July 21, Cook responded to analysts' queries about whether the firm has become...

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