Procter & Gamble (NYSE: PG) is facing an unusual shareholder challenge. Activist investor Trian Fund, after being turned down in talks with the consumer products giant’s management, is going around the executive team and petitioning support directly from shareholders to win a seat on P&G’s board of directors.
The move makes P&G the biggest company to ever face a proxy fight, according to The Wall Street Journal. Let’s look at what the battle means for investors.
Image source: P&G.