Trian Partners, which owns approximately $3.3bn of shares of P&G, has filed a preliminary proxy statement for the election of its CEO Nelson Peltz to P&G’s Board of Directors.
The investment management firm is launching the largest proxy battle ever by taking on consumer giant P&G.
In a press statement released today, Trian said that as one of P&G’s largest shareholders, and given P&G’s “disappointing” results over the past decade, it has a keen interest in