ADP CEO Says Ackman Battle Based on Pace, Risk

The transcript discusses strategies to improve share prices and margins, highlighting differences in business approaches and risk management. It critiques aggressive margin improvement strategies by comparing past experiences with companies like Valiant and JCPenney. The discussion also covers ADP's progress in technology and leadership changes, emphasizing the company's focus on technological advancements and strategic planning.

What is the proposed increase in ADP's share price over three years?

• $255

• $150

• $200

• $300

What is the main concern about implementing aggressive margin improvement strategies?

• Higher risk of failure

• Increased client satisfaction

• Lower employee turnover

• Improved market share

How many basis points have ADP's margins improved under the current leadership?

• 1200 basis points

• 1000 basis points

• 580 basis points

• 300 basis points

What percentage of ADP's clients have been moved to new cloud technology?

• 50%

• 83%

• 100%

• 75%

Who is one of the new directors with strong technology experience at ADP?

• Alice Johnson

• John Smith

• Bill Ready

• Jane Doe