Procter & Gamble: Trian (Nelson Peltz) says P&G’s Sept 19 presentation contains 'significant number of material data errors, calculation errors and misrepresentations of Trian’s and Nelson Peltz’s track records'
"We are disappointed in the quality of the presentation that the Board and Management of Procter & Gamble released on September 19th, 2017 which is filled with a significant number of material data errors, calculation errors and misrepresentations of Trian's and Nelson Peltz's track records (we have identified more than 50 errors and misrepresentations to date). P&G has apparently tasked its army of advisors with discrediting Nelson Peltz and Trian, in order to redirect the conversation away from the real issues at hand -- in particular P&G's ongoing market share losses and bottom quartile shareholder returns. We feel it is necessary to 'set the record straight' as shareholders and other constituencies deserve to understand the level of P&G's intellectual dishonesty we believe underlies this presentation. We would like P&G to correct these errors, but ultimately it is shareholders who must hold the Company accountable."
