TITLE

Ackman Turns Eye Toward P&G

PUB. DATE
July 2012
SOURCE
WWD: Women's Wear Daily;7/13/2012, Vol. 204 Issue 9, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article considers the purchase of stock of the package goods industry company Procter & Gamble Co. by Pershing Square Capital Management, a hedge fund controlled by financier William Ackman. The likelihood that Ackman will be an activist stockholder who will demand changes in management to improve the company's profitability is discussed, particularly the possibility that Ackman and other stockholders will urge the dismissal of Chief Executive Officer (CEO) Bob McDonald.
ACCESSION #
78155082

 

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