Eighteen months after officially burying the hatchet in one of America's mo...
NEW YORK - Eighteen months after officially burying the hatchet in one of America’s most bitter proxy contests, Procter & Gamble Co CEO David Taylor and billionaire investor Nelson Peltz proclaimed their mutual respect on Thursday, underscoring how activists and corporations can end up working collaboratively.
“That was the fog of war,” Peltz said, dismissing the rough comments P&G had made about the veteran activist who works to present himself as a partner who can offer constructive advice rather than a corporate raider intent on breaking up companies. “I found that the most important ingredient a CEO needs to have is to be a good listener,” Peltz said, adding: “Nobody has a monopoly on good ideas. We have an attitude at Trian, we steal any good idea. We’d rather be rich than right.”
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