{"id":59540,"date":"2017-08-18T09:52:07","date_gmt":"2017-08-18T13:52:07","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=59540"},"modified":"2017-08-18T09:52:07","modified_gmt":"2017-08-18T13:52:07","slug":"ackmans-pershing-square-says-adp-needs-to-streamline-modernize","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2017\/ackmans-pershing-square-says-adp-needs-to-streamline-modernize.html","title":{"rendered":"Ackman&#8217;s Pershing Square Says ADP Needs to Streamline, Modernize"},"content":{"rendered":"<p>(Reuters) Billionaire activist investor William Ackman on Thursday said Automatic Data Processing Inc&#8217;s (ADP.O) stock price could double in the next five years if the human resources outsourcing company cuts costs, streamlines its business and invests in technology upgrades.   Ackman&#8217;s hedge fund Pershing Square Capital Management owns 8.3 percent of the $50 billion company and he is asking for board seats for himself plus two independent directors and considering pushing the board to make leadership changes.<\/p>\n<p><a href=\"https:\/\/www.reuters.com\/article\/us-adp-pershing-idUSKCN1AX1MS\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) Billionaire activist investor William Ackman on Thursday said Automatic Data Processing Inc&#8217;s (ADP.O) stock price could double in the next five years if the human resources outsourcing company cuts costs, streamlines its business and invests in technology upgrades. Ackman&#8217;s [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-59540","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/59540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=59540"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/59540\/revisions"}],"predecessor-version":[{"id":59541,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/59540\/revisions\/59541"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=59540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=59540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=59540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}