Does Proctor and Gamble think they’re going to beat Trian and Nelson Peltz?
The good folks at P&G do not want to give legendary investor, Nelson Peltz, a seat on their board. They’ve gone thru great lengths to rebuff him, even publishing an amazing 106 page retort to Peltz’s 94 page presentation, highlighting how great PG is and how dreadful a person Peltz is and will be for shareholders at the company. This is very amusing to watch from afar, as these two different brand of fucksticks battle it out.
“What’s dangerous is the way they’re acting and the way they’re running this company today,” Peltz said. “They’re overseeing a melting ice cube.”
All Nelson wants is a seat at the table. He’s made his suggestions known.
PG is trying to paint the picture that little old Nelson is ‘outdated’, dangerous and bereft of new ideas.
Nelson’s reply:
As for his disruption in gaining a board seat, Peltz said, “I’ll be one vote out of 12. How disruptive can I be?”
According to the PG report published earlier this week, Trian’s investments have trailed the S&P by 5%. After Trian announced they sold a position, one week later said shares beat the SPY by 0.3%. This is truly subjective horseshit. I mean look at this rubbish.
Over the past year, PG has lagged the S&P by 10%, and a staggering 33% over 5 years. No matter how their advisors at Goldman try to spin it, they haven’t been doing a good job for shareholders.
On the topic of advisors, PG has retained the services of Goldman, Morgan Stanley, Centerview and Lazard to fend off the Trian attack. This is truly fucktarded, spending anywhere from $35-$150 million against a person who’s proven to be an asset to the companies he takes an interest in (WEN, HNZ, MDLZ).
What is PG trying to hide?
This evening Trian responded to the PG report, claiming they made ‘more than 50 errors’ — misrepresenting their track record. They’re requesting those errors to be fixed.
Procter & Gamble: Trian (Nelson Peltz) says P&G’s Sept 19 presentation contains ‘significant number of material data errors, calculation errors and misrepresentations of Trian’s and Nelson Peltz’s track records’ (92.64 -1.76) “We are disappointed in the quality of the presentation that the Board and Management of Procter & Gamble released on September 19th, 2017 which is filled with a significant number of material data errors, calculation errors and misrepresentations of Trian’s and Nelson Peltz’s track records (we have identified more than 50 errors and misrepresentations to date). P&G has apparently tasked its army of advisors with discrediting Nelson Peltz and Trian, in order to redirect the conversation away from the real issues at hand — in particular P&G’s ongoing market share losses and bottom quartile shareholder returns. We feel it is necessary to ‘set the record straight’ as shareholders and other constituencies deserve to understand the level of P&G’s intellectual dishonesty we believe underlies this presentation. We would like P&G to correct these errors, but ultimately it is shareholders who must hold the Company accountable.”
Here’s PG’s real track record, sales declines every quarter since 2014.
On the topic of Warren Buffet being retarded:
I think the point the cucked old man is trying to make is (he is not being literal) … the market is going to MOON. (in the language of cryptotards) Buy retarded tech, bank, and material stocks and HODL them to the MOON.
The DOW will get to 40k+ during Trumps reign. Keep in mind the Dollar will be a piece of shit.
If I was on PG board I would suggest that that they stop charging lunkhead consumers $10 for an 11-cent razor. It just doesn’t sit well for men with an IQ over 30.
Oh, and I would immediately fire the employee who recommended the placement of an AA battery in a disposable razor. Vibrators are not meant for faces, morons!