P&G declares victory over activist investor Nelson Peltz. The consumer-products company said preliminary results showed all 11 of its directors were elected, keeping the billionaire off its board, even as Peltz’s hedge fund said the vote is still too close to call. For P&G, the biggest company ever targeted by an activist in a proxy fight, the result is a vindication of its claim that it’s already tackling the shortcomings called out by Peltz. |