We previously posted up notes from Ackman’s presentation on Procter & Gamble from the Embedded below is Ackman’s slideshow on PG. Page 1 This presentation and the information contained herein is not a recommendation or solicitation to buy, or hold, William A. Ackman, the principal of Pershing Square and its affiliates, is a director of JCP. Pershing. We remembered Ackman’s P&G presentation at the Ira Sohn Conference in May and he certainly has an ambitious goal for P&G. Ackman is.
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Ackman: P&G CEO may need to go – The Buzz – Investment and Stock Market News
And Ackman thinks that may be more than a few too many. Only one, Xerox, is a corporate board, he said. Still Ackman made it clear from those thinly veiled comments that he wants McDonald out. He said he’s willing to give McDonald two to three quarters to get the company in better shape. He’s been a vocal critic of the company’s management and its financial performance since disclosing his stake last year.
Should McDonald fail to turn things around quickly enough, who does Ackman think should step in? He didn’t specify, but said there are several quality internal and external candidates.
Ackman has been known for bringing new leadership into his investments, though not all his moves turn out as planned. He didn’t mention J.
Ackman: P&G CEO may need to go
Penney CEO out after troubled tenure. Ackman also stayed silent on his big billion dollar short position in multilevel marketing firm Herbalife HLF.
The Sohn conference is known to produce wild stock gyrations, as investors rush to follow the bets that major hedge fund managers make for or against stocks.
Herbalife reports record results.
He deemed Presentatlon 3 to be a long-term consolidator in the industry. TW Telecom, by contrast, could be an acquisition target down the road.
Prior to joining CNNMoney, she covered venture capital and entrepreneurs for Forbes, and mergers and bankruptcy for Mergermarket and Debtwire, both divisions of the Financial Times. The Buzz All markets and investing news all the time.
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