Activists keep the fight alive

Viewsroom

Reuters

News

4.4 • 58 Ratings

🗓️ 12 October 2017

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

Nelson Peltz narrowly lost his acrimonious bid for a P&G board seat. Honeywell’s decision to spin off two small units was less than Dan Loeb lobbied for. These are temporary setbacks. Past experience and the financial firepower at their disposal make activists a powerful force. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	To be or not to be.
0:02.8	Right now we're offering a range of incentives across Audi models.
0:06.5	That is the...
0:07.5	But only until the 28th of February.
0:10.0	The...
0:10.7	Um...
0:12.0	So stop whatever you're doing.
0:14.4	Um... I'll be right back.
0:17.1	Just carry on without me.
0:18.3	And find yours online or at Finchley Road, Audi.
0:21.5	Audi, four-sprung-dirk Technic.
0:23.8	Terms and conditions apply.
0:25.1	Selected models, retail customers and participating Audi centres only.
0:29.9	The views expressed on this podcast are those of the participants, not of Reuters' news.
0:38.3	Thank you. the participants, not of Reuters' news. Investors, Nelson Peltz and Dan Loads campaigns to win over P&G and Honeywell failed, at least
0:48.3	in the short term.
0:49.6	That's why we're going to talk about activism in this week's edition of the Views
0:52.5	Room, a weekly conversation among Breaking Views columnists about the ups and downs of the world of finance. I'm your host Jennifer Sabah, and joining me in the studio, as always, is my co-host, Antony Kroarie. Hello, Anthony. Hey, Jen, how you doing? Also on the line from Dallas is our colleague, Lauren Silva Loughlin. Welcome, Lauren. Hello, thanks for having me. Okay, so let's start
1:12.5	with the news out of Procter & Gamble. They had a very acrimonious fight with Nelson Peltz and his
1:19.8	fund Tryon. And he was trying to get a seat on the board. They had a vote. It was yesterday. Is that
1:26.4	correct, Lauren? Yes, that's right. And he narrowly lost. I mean,
1:31.3	it's still kind of up in the air what's going on here. So why don't you to kind of take us through
	...

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