Bill Ackman believes that Proctor and Gamble (NYSE:PG) could trade for $ in two years versus the current share price of $ poor marketing support and ineffective pricing strategies has resulted in P&G in P&G (approximately ~1% of shares outstanding) with Bill Ackman agitating . investment in P&G, please refer to our full presentation which can be viewed at. Hedge fund titan Bill Ackman sets his sights on P&G’s CEO. time, this accounts for 25% of his time,” Ackman said during his presentation.

Author: Fenrizuru Zololar
Country: Algeria
Language: English (Spanish)
Genre: Business
Published (Last): 12 April 2009
Pages: 120
PDF File Size: 6.63 Mb
ePub File Size: 1.90 Mb
ISBN: 743-9-29160-690-2
Downloads: 65418
Price: Free* [*Free Regsitration Required]
Uploader: Vokree

The Influence Of Activism: Ackman Aims To Fix Starbucks’ Management

Less handily, the activist starts work at paint and specialty coatings company PPG at a disadvantage, revealing its stake just after the stock sold off on earnings. Currently, the company organizes its products into two broad divisions: He said he’s willing to give McDonald two to three gamle to get the company in better shape. Shortly thereafter, the stock was hammered by a guidance reduction.

Billl been a vocal critic of the company’s management and its financial performance since disclosing his stake last year. Lafley will likely go down in history as a superstar executive because of how he navigated the company through a period of weakness and, ostensibly, into a position of strength.

StupidStock Move of the Day!

Prior to joining CNNMoney, she covered venture capital and entrepreneurs for Forbes, and mergers and bankruptcy for Mergermarket and Debtwire, both divisions of the Financial Times. This month alone General Electric and Perrigo, which have activists on their boards, changed their CEOs after 14 and nine months respectively.


Less than two weeks later, its chief financial officer announced his retirement. Ackman also stayed silent on his big billion dollar short position in multilevel marketing firm Herbalife HLF. Should McDonald fail to turn things around quickly enough, who does Ackman think should step in? TW Telecom, by contrast, could be an acquisition target down the road.

Bill Ackman Ira Sohn Presentation – A Rising Tide Is a Good Gamble –

Get the entire part series on our in-depth study on activist investing in PDF. And Ackman thinks that may be more than a few gsmble many. He deemed Level 3 to be a long-term consolidator in the industry. Given how many companies have been targeted after an event-driven turn in the share price by activists desperate for value look to Symantec or Papa Johns for examplesit was only a matter of time before Starbucks got roasted.

Ackman has been known for bringing new leadership into his investments, though not all his moves turn out as planned. Q3 hedge fund letters, conference, scoops etc. SodaStream pops on sale rumors.

IBM caught up in Accenture rout. Subscribe to ValueWalk Newsletter.

Pershing Square Exits Two Big Wins: Procter & Gamble and GGP

As indicated at the bottom of the slide, many of these issues are addressable. Never Miss A Story! Save it to your desktop, read it on your tablet, or print it out to read anywhere! To view my watchlist Not a member yet?

Where’s the drama on Wall Street?

Pershing Square Exits Two Big Wins: Procter & Gamble and GGP – MoneyBeat – WSJ

Ackman may ride Starbucks for a short while and then jump to another new idea, as he did with Nike recently. Starbucks had been thought of ackkman an activist target since May — Bernstein analyst Sara Senatore hosted a call on the subject that we wrote about in our Half-Year Review.


Send me ocassional third party offers Yes No.

He didn’t specify, but said there are several quality internal and external candidates. Lafley, who led the company from towould be joining the company as Chairman and, President, and CEO.

We respect your privacy no spam ever. Afterthe report cards started getting blurrier and more ambiguous as global recession and economic downturn took its toll on the company. It remains to be seen whether they will welcome Ackman more enthusiastically than in Investors spooked by China slowdown.

Yet backseat activists — riding changes led by others — can also bite. Ackmsn one, Xerox, is a corporate board, he said. When the company began assigning itself report cards in its annual reports inthe company outperformed or met its goals every year untilin the wake of the financial crisis. Still Ackman made it clear from those thinly veiled comments that he wants McDonald out.

The Buzz All markets and investing news all the time. Nobody expected Starbucks to just sit around. The rest will be more or less split between overhead savings, marketing efficiencies, and operating leverage that assumes 5 percent organic growth in line with the average under Lafley, but ambitious compared to post growth. Seems a presentatiln excessive, no?