Posts Tagged ‘ William Ackman ’

Procter & Gamble Profits Beat Expectations

October 25, 2012

The Procter & Gamble Company (NYSE:PG)’s profit beat expectations on Thursday. These soaring profits follow a beat down from activist investor William Ackman, who at the beginning of the month made hits against Procter & Gamble’s leadership style, noting that the company had under-performed in past years. While analysts expected The Procter & Gamble Company (NYSE:PG) to post profits of 96 cents a share, the household products heavyweight managed to trample on these estimates, after posting...
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Ackman: P&G Has Stumbled Under Company’s Current Leadership [VIDEO]

By Sydra Farooqui

October 2, 2012

P&G has been one of the great growth companies of all times but quite frankly it has stumbled over the past couple of years under the current CEO’s leadership, said William Ackman, Pershing Square Capital Management founder & CEO, discussing the problems at Procter & Gamble. Transcript: you solve it. welcome back to squawk this morning. our next guest saw over 1,000% in his investment in general growth partners and pushing to add new...
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P&G Shares Jump after Bill Ackman Reveals Massive Stake

By Marie Cabural

July 12, 2012

The Procter & Gamble Company (NYSE:PG) shares jumped after the Federal Trade Commission approved of an investment by William Ackman’s Pershing Capital Management LP. By midday (Eastern Time) on Thursday, P&G’s stock rose 4.5 percent to $64.18 per share. It was the highest gain for the company since October 2009. The shares closed slightly lower at $63.70 a share, up 3.75%. The FTC did not reveal any details of the transaction. Based on U.S. laws, any...
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Bill Ackman Helps Oust Canadian Pacific CEO, Board

By DebbieBaratz

May 17, 2012

In another case of an activist investor taking on a company and winning, William Ackman is the latest victor. On Thursday, Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) Chief Executive Fred Green threw in the towel and resigned after a long proxy fight with Ackman. This will pave the way for a management upheaval at the second-largest railroad in Canada. Green will be joined by four other directors who will not be re-elected at the...
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Bill Ackman on the Psychology of the Successful Value Investor

By Sydra Farooqui

February 22, 2012

Following the meltdown of the financial system in 2008, subsequent economic downturn, innumerable investigative journalism pieces about the big banks and investment practices, and finally the rise of the Occupy movement, it’s safe to say that finance and investing have taken a high-profile position in the mind of the public. People who wouldn’t know Freddie Mac from a hole in the ground four years ago are now paying attention to the meta-structure of the US economy...
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Boys and Girls Harbor Conference Performance Data

By Sheeraz Raza

February 3, 2012

Special thanks to Bill Ackman, Maneet Ahuja and Mark Axelowitz for arranged the conference. The conference opened up with the following performance information: 9.5% up from one year ago, seven ideas equally weighted versus ~1% for the S&P500. Last year’s best performing idea was JCP, presented by Bill Ackman and up 34% since then. 56% total return from two years ago in an equally weighted basket. Liberty media up 193% GGP up 110%, which...
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Ackman Plans Proxy Fight at Canadian Pacific

By Jacob Wolinsky

January 9, 2012

The hedge fund manager Bill Ackman said Monday that he would wage a proxy battle to replace both the directors and the chief executive of the Canadian Pacific Railway after it rejected his plan to bring in a former rival to run the company. Mr. Ackman, whose firm Pershing Square Capital Management is the largest shareholder in the railway, raised the specter of a proxy fight in a interview shortly after John E. Cleghorn,...
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