P&G, once known as the preeminent household products supply chain company, is under attack. On February 15, 2017 Trian Partners, led by Nelson Peltz, purchased over a $3 billion stake in P&G qualifying him for a seat on the board. In prior years Trian Fund Management LP drove shareholder activism at PepsiCo and DuPont. The investment in P&G is their largest shareholder investment to date.
Tidbits from my reading in the Financial Times this morning. Since 2000, 52% of the companies in the Fortune 500 have either gone bankrupt, been acquired, ceased to exist, or dropped out of the Fortune 500. Activist campaigns against companies with a market cap greater than $10 billion have more than doubled since 2010. Activists won, partially won or settled 73% of proxy fights in 2014, up from 55% in 2010