|Bid||320.85 x 0|
|Ask||0.00 x 0|
|Day's Range||311.85 - 311.85|
|52 Week Range||252.70 - 311.85|
|PE Ratio (TTM)||55.76|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Activist investor Nelson Peltz today urged Procter & Gamble employees, retirees and alumni to vote for his election to the board so he can shake up the company. The New York hedge fund manager insisted he knows best how to boost the value of stock in the Cincinnati-based maker of consumer goods such as Tide detergent (PG), which Peltz stated in a letter would be in the best interest of the people who work for or have been employed by P&G. “The company chose to fund many of your retirement plans with P&G stock, but many employees and retirees are suffering because P&G’s shares have underperformed for so long,” wrote Peltz, who has acquired $3.5 billion worth of Procter & Gamble stock since November as CEO of Trian Fund Management.
'I would ask David Taylor to be forthright,' Peltz says of Procter & Gamble's CEO.