Bill Ackman: Reflecting Back On Losing Proxy Battle At ADP

Pershing Square Capital Management Founder Bill Ackman talks to Bloomberg reporter about the failed proxy battle at ADP against CEO Carlos Rodriguez for 3 board seats. Ackman lost the battle eventually as the ADP had outperformed the S&P 500 with significantly higher return on capital, among other positive metrics. Ackman explains how this is not a loss but rather a recognition of the problems ADP has and acted as an instrument of change Take a listen! About The Channel I’m a fan of the market and a fan of paradigm-changing products. I find raw information unnecessarily complex and want to make a change. With that in mind, I try to dissect complexity into simple, digestible pieces to spur independent thoughts and aspire ideas. In this channels, we will talk about stocks and value, share insights and stories, dive into products and strategies, and anything that promote clary thinking in an uncertain world. This is About Value and my name is David. Enjoy the show! Disclaimer All price references and market forecast respond to the date this video is uploaded. This video should not be copied, distributed, published or reproduced in whole or in part. This video reflects the opinion of only the host and not the views of any of its subsidiaries or affiliates. The video is for informational purposes only and is not a mandate to buy or sell any security and is not an offer or sale of a security.