With midterm elections approaching, help us make everyone smarter about the economy. Donate Now

Activist investor aims for a seat on P&G board

Marielle Segarra Oct 10, 2017
HTML EMBED:
COPY

Activist investor aims for a seat on P&G board

Marielle Segarra Oct 10, 2017
HTML EMBED:
COPY

On Monday, General Electric gave a board seat to Ed Garden, co-founder of the $12.7 billion hedge fund Trian Partners. And this morning, when Procter & Gamble holds its yearly shareholder meeting, all eyes will be on another Trian partner, activist investor Nelson Peltz. Trian owns a 1.5 percent stake in the struggling Cincinnati-based consumer giant, and Peltz is vying for a board seat. 

Click the audio player above to hear the full story.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.