The Battle For Control Of Cincinnati's Procter & Gamble

Sep 13, 2017

Ivory Soap was first sold by Procter & Gamble in 1879. Today, the consumer giant manufactures 65 brands, including Gillette, Tide, Crest and Charmin.
Credit Wikimedia Commons

Activist investor Nelson Peltz is looking to dramatically change Procter & Gamble. Peltz, CEO of Trian Fund Management, is in a proxy battle to win a seat on the P&G board. 

His plans include restructuring the international consumer giant into three autonomous business units and substantially reducing corporate staffing. P&G holds its annual shareholder meeting on October 10.

We discuss the hedge fund manager's attempt to change how Procter & Gamble operates with Cincinnati Enquirer business reporter Alex Coolidge.

To read Alex Coolidge's latest stories on P&G and his other business news coverage, click here.