P&G Pushes Back Against Trian’s Peltz, Says ‘No Compelling Rationale’ For Board Seat

(FINalternatives) Consumer products conglomerate Proctor & Gamble fired back at activist investor Nelson Peltz’s request to join the company’s board of directors on Tuesday, saying the Trian Fund Management executive was not entitled to a seat and is getting poor advice from a retired executive out of touch with the firm’s current operations.

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