P&G urges shareholders to ‘vote blue’ to keep Peltz out

In a letter to shareholders, P&G said it believes Trian’s CEO Nelson Peltz is seeking Board election to satisfy his own agenda

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P&G has sent a letter to its shareholders urging them to back its existing directors and prevent Trian’s CEO Nelson Peltz from joining the Board.

The company said electing Peltz would derail the value creation progress it is making, and satisfy Peltz and his partners’ own agenda.

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