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Old 10-09-2017, 05:06 PM
 
649 posts, read 808,164 times
Reputation: 1239

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This makes me worried about the fate of the city. So much of this city is built on P&G as an employer, municipal investor, pension holder etc.
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Old 10-09-2017, 06:29 PM
 
Location: Covington, KY
1,898 posts, read 2,734,337 times
Reputation: 607
Yes.
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Old 10-09-2017, 07:32 PM
 
6,294 posts, read 10,996,614 times
Reputation: 3085
Need more information in order to make an informed decision. What is at stake here?
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Old 10-09-2017, 07:43 PM
 
Location: 45237
245 posts, read 330,173 times
Reputation: 276
For some reason I have thoughts of Gordon Gekko from the movie Wall Street. Yes it bothers me.
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Old 10-09-2017, 07:55 PM
 
Location: Kennedy Heights, Ohio. USA
3,860 posts, read 3,095,055 times
Reputation: 2272
An activist investor wants a seat at P&G's board of directors. He wants the board to move most of its Research and Development jobs from the Cincinnati metro area because he thinks the location of headquarters bureaucracy in Cincy is hamstringing innovation at its R&D locations nearby.
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Old 10-09-2017, 10:29 PM
 
17,299 posts, read 13,042,795 times
Reputation: 32596
I'm more interested in his effect og GE. That stock has cratered and I need to recoup losses
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Old 10-10-2017, 12:09 AM
 
10,135 posts, read 27,343,947 times
Reputation: 8398
Why would one seat on a 12 man board matter?
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Old 10-10-2017, 04:35 AM
 
Location: Cincinnati (Norwood)
3,530 posts, read 4,990,774 times
Reputation: 1929
Nelson Peltz's "Black Tuesday" may result in one of the worst calamities that could ever befall a company like Procter & Gamble or a city like Cincinnati.
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Old 10-10-2017, 06:47 AM
 
649 posts, read 808,164 times
Reputation: 1239
I guess I'm trying to start a discussion. So little of the coverage has addressed the issues of operations potentially leaving the city and the dismantling that hedge funds do to shuffle paper profits from one side to another. I am by no means an expert but I think that sweet the city more alarmed the publicity that would generate could be helpful. Tons of current and former residents are shareholders that need to vote their votes.
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Old 10-10-2017, 07:17 AM
 
6,294 posts, read 10,996,614 times
Reputation: 3085
Thanks for the info. Have heard more on the news now. My best guess is that a few of the Shareholders are not satisfied with the slow but steady wins the race approach which seems to be the way P&G is operating. Turning a profit and maintaining their current growth levels which one can equate to stability. The Shareholders with a desire to turn a larger profit, if they get the majority vote, will lead to tons of jobs lost. If that happens it could have a dramatic effect on the local economy. Ultimately this guy Peltz seems to have a "do it if it feels good" mindset or a "instant gratification" view on running a business. Typical of most people in my generation. Sad.
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