Former P&G CEO: 'I'm Taking the Gloves Off' in battle against Trian
- Former chairman and CEO of Procter & Gamble A.G. Lafley has come to the vocal defense of his former employer, which is in a proxy battle with Trian Partners.
- Peltz's fund has a $3.5 billion stake in the consumer product company and he has been seeking a board seat.
- Lafley says Peltz and the former CFO he has recruited for the battle do not represent him as a long-term shareholder.