Hints and tips:
...At lunch as in business, Nelson Peltz makes his preferences known....
...He did gain a seat on the P&G board after a very close vote and recount....
...Palm Beach is having a bit of a moment right now and no one is more aware of it than Nelson Peltz, for whom it’s been his stamping ground since the 80s....
...Nelson Peltz’s activist hedge fund Trian Partners has built a stake in Unilever, ratcheting up the pressure on the FTSE 100 company after its abortive pursuit of GlaxoSmithKline’s consumer health business...
...Alondra Nelson is a professor at the Institute for Advanced Study....
...Nelson Peltz catalysed a shake-up at consumer goods giant Procter & Gamble during his board tenure....
...But Disney insiders say his experience at those consumer companies such as P&G has no relevance....
...Nelson Peltz’s Trian Partners officially launched an activist campaign against Disney in January, nominating Peltz for a board seat....
...In her penultimate album, in 2016, there was even a lovely little song, “Lay Me Down”, with another living legend, Willie Nelson....
...The activist emerged victorious and his tenure on P&G’s board has largely been viewed as a success, with the company’s share price increasing more than 50 per cent....
...Nelson Peltz, having secured a seat on Unilever’s board, must be itching to draw on his well-thumbed playbook for reviving sluggish consumer product companies....
...James Edwardes Jones, analyst at RBC Capital Markets, said: “At P&G, we believe Nelson Peltz stimulated changes to culture, remuneration and organisational structure....
...Unilever investors can take heart that P&G’s turn-around reflects activist Nelson Peltz’s playbook during his time on the board. This year, Peltz joined the board of Unilever....
...Rolex doesn’t market to teens, but when Gen Z age-out of buying Casio G-Shock watches, Knight says there’s a risk they won’t be interested in buying a Rolex at all....
...Nelson Peltz said: “I am delighted to be joining the Board of Unilever....
...“Nelson is actually helpful,” says a person close to P&G’s board....
...Russia’s invasion of Ukraine in February forced companies, investors and governments to wrestle with developments that at times appeared to pit the E, the S and the G of environmental, social and governance...
...In November 2020, MSCI downgraded P&G’s ESG rating to A from AA. Peltz started on the company’s board in 2018....
...The imminent appointment of a new chief executive at M&G is set to reignite a vexed question: is it time to break up the underperforming FTSE 100 savings and investment group?...
...Peltz’s stint at Unilever will probably be a smoother one than at P&G, where he waged a bitter proxy battle, Lex notes....
...After pushing for splits at Cadbury and Kraft, he battled his way on to the P&G board. Once there he got on famously with the CEO and profited as the share price rose....
...Nelson Peltz and Carl Icahn....
...“Criticism of weak or inconsistent implementation is fair game,” Richard Samans of the International Labour Organization and Jane Nelson at Harvard’s Kennedy School of Government, wrote on the WEF website...
...As Gieves made Nelson’s uniform, so Wellington was a patron of Hawkes, particularly its military headwear....
...P&G’s shares have sharply outperformed Unilever during that period. “Activist investors will look at P&G and say: Is there a similar thing to be done at Unilever?”...
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