Activist investor aims for a seat on P&G board
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.
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