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P&G CEO Blasts Billionaire Nelson Peltz as Tensions Mount Over Board Vote

Says the activist shareholder hasn’t been paying attention
Peltz is pushing for consumer products company to reorganize

David Taylor.
Photographer: Jason Alden/Bloomberg

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By Lauren Coleman-Lochner and Scott Deveau

September 29, 2017 at 1:01 AM UTC

Updated on

September 29, 2017 at 2:00 PM UTC

This article is for subscribers only.

After several meetings with billionaire Nelson Peltz, the chief executive officer of Procter & Gamble Co. came away convinced the activist shareholder isn’t interested in learning about the company he wants to remake.

“He’s never asked virtually anything,” David Taylor said in an interview at P&G’s Cincinnati headquarters. “He hasn’t asked about strategy, people, what we’re doing.”