P&G stands up to Trian as investor pushes for board seat

Company says Trian has not provided any new ideas that could drive additional value for shareholders

P&G's household and personal care brands

P&G has responded to activist shareholder Trian, which wants to see its CEO Nelson Peltz elected to P&G’s Board.

The Cincinnati-based company rejected Trian’s request for Peltz to join the Board of Directors, a move which prompted Trian to file a preliminary proxy statement with the Securities and Exchange Commission.

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