Best Of 2018

Best Political Drama, Corporate Divison: Nelson Peltz

Is activist investor Nelson Peltz a visionary with new ideas to unlock untold profits from one of Cincinnati’s largest companies? Or, as critics might suggest, is he a pirate roaming the corporate seas looking for a bounty on a prominent merchant ship? That’s the crux of the controversy surrounding Peltz’s drive to jump onto the board of Procter & Gamble, and it looks like we’ll get answers eventually. Peltz fought the most expensive proxy fight ever — one that essentially ended in a tie. After that battle, P&G made a seat for him on its board. Some leaders at the company say Peltz is only worried about short-term gains, while Peltz says he has some ideas for making the consumer-goods behemoth more efficient and delivering more profits to P&G stockholders. Peltz’s Trian Fund Management has major interests in that goal, owning $3.5 billion in P&G shares.