ADP CEO on Third-Quarter Earnings, Ackman's Proxy Fight

The video discusses the current labor market challenges, including rising unemployment and furloughs. It highlights the impact on businesses, particularly in terms of revenue and client retention. April data shows signs of stabilization, with job postings as a leading indicator. ADP's strategy post-proxy battle with Bill Ackman is also covered, emphasizing transformation efforts and shareholder relations.

What challenges does the company face in maintaining its revenue during economic downturns?

How did the company respond to the challenges posed by the economic situation?

What lessons were learned from the proxy battle with Bill Ackman?