Why Peltz Is Seeking Only One P&G Board Seat

The transcript discusses Nelson Peltz's proxy fight with Procter & Gamble, where he seeks a board seat. Despite owning $3.5 billion in stock, the board resists his proposal, citing his lack of technological expertise. However, Peltz's involvement has led to positive changes in the company, highlighting the influence of activist investors.

What is the main goal of Nelson Peltz in his proxy fight with Procter and Gamble?

What reasons did the board give for opposing Nelson Peltz's nomination?

How has Nelson Peltz's involvement impacted Procter and Gamble since he took a stake in the company?

What does the text suggest about the relationship between activist investors and entrenched boards?

Discuss the significance of activist investors in corporate governance as mentioned in the text.