Peltz's Trian Slams P&G for Questioning His Board-Seat Victory
Trian Fund Management, the investment firm that fought to get co-founder Nelson Peltz elected to Procter & Gamble Co.’s board, criticized the consumer-products giant for contesting his narrow victory.
Peltz appeared to secure the board seat last week after results showed that he’d won by less than 43,000 shares -- or a margin of about 0.0016 percent -- according to the independent inspector IVS Associates Inc. But P&G is now reviewing and challenging IVS’s count, Trian said on Friday.
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