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....
...In the multimillion-dollar proxy clash between Disney and activists led by Nelson Peltz, the biggest battle was over the process to find a successor to Bob Iger, the chief executive who has run the entertainment...
...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...
...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....
...Kevin Feige, the architect of Marvel’s cinematic universe strategy, remains in place, alongside Pixar’s Pete Docter, Lucasfilm’s Kathleen Kennedy and Jennifer Lee, chief creative officer of Walt Disney Animation...
...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....
...Kathleen Rice, an outgoing Democratic congresswoman from New York, agreed, noting that unifying the Democratic caucus “would be hard for whoever the leader is”....
...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....
...In November 2020, MSCI downgraded P&G’s ESG rating to A from AA. Peltz started on the company’s board in 2018....
...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...
...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....
...As Gieves made Nelson’s uniform, so Wellington was a patron of Hawkes, particularly its military headwear....
...Smart reads Out-of-network After a ski accident required being airlifted to the hospital, Kathleen Hoechlin was stuck with a $97,269 bill....
...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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