It Has Been an Interesting Year for P&G
Not a day seems to go by now without Procter & Gamble (PG) - Get Report being in the news.
But Twitter feeds aren't necessarily lighting up with a discussion on an innovative new P&G product, it's people commenting on storied P&G's increasingly ugly battle with activist investor Nelson Peltz.
Peltz has pushed for a seat on the P&G board and proposed broad changes including a company restructuring into three global business units in a months-long proxy battle. Earlier this month, Peltz released a 93-page white paper outlining his argument against P&G's "insular" culture that has failed to acquire small-, mid-sized and local brands that could serve to boost P&G market share.
To be sure, well-regarded P&G CEO David Taylor has a competely different take on P&G.
Under Taylor's leadership, P&G closed on a $15 billion deal in late 2016 to slice off 40 under-performing beauty brands that subsequently merged with Coty (COTY) - Get Report . With the closing of the beauty divestiture, P&G completed its massive portfolio overhaul announced more than two years ago targeted toward cutting 100 non-core brands and with it, massive amounts of costs. Since then, Taylor has sought to inject faster decision-making into P&G that leads to more product innovation.
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