Activist investor Nelson Peltz is looking to dramatically change Procter & Gamble. Peltz, CEO of Trian Fund Management, is in a proxy battle to win a seat on the P&G board.
His plans include restructuring the international consumer giant into three autonomous business units and substantially reducing corporate staffing. P&G holds its annual shareholder meeting on October 10.
We discuss the hedge fund manager's attempt to change how Procter & Gamble operates with Cincinnati Enquirer business reporter Alex Coolidge.
To read Alex Coolidge's latest stories on P&G and his other business news coverage, click here.