ADP CEO Rodriguez on Ackman Proxy Fight, Business Plan

The video discusses a debate between ADP and Bill Ackman regarding share price and margin improvements. It covers ADP's technological advancements, headcount reductions, and real estate consolidation. The discussion also touches on board composition, management layers, and shareholder opinions. ADP defends its strategies and progress, while considering some of Ackman's proposals.

What is the proposed share price target for ADP in three years according to Bill Ackman?

• $200

• $255

• $300

• $180

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

• 70%

• 50%

• 83%

• 90%

How many locations does ADP plan to reduce its footprint to?

• 40

• 100

• 80

• 60

What is the estimated number of jobs that might be cut according to Bill Ackman's margin improvement plan?

• 5,000 to 10,000

• 20,000 to 25,000

• 15,000 to 20,000

• 10,000 to 15,000

What is the focus of ADP's current plan for improving productivity?

• Increasing marketing budget

• Growing business and improving workforce productivity

• Cutting headcount

• Expanding globally

How many directors does Bill Ackman propose to add to ADP's board?

• 4

• 2

• 3

• 1

Who is a well-known economist and valued member of ADP's board?

• Lisa Ellis

• Bill Reddy

• Bill Ackman

• Glenn Hubbard

What is the main reason given for not adding Bill Ackman's proposed directors to the board?

• Board size limit

• High cost

• No additive value

• Lack of experience

What is the typical range of management layers in large companies according to ADP's CEO?

• 11 to 13

• 9 to 11

• 7 to 9

• 5 to 7

What is the stance of ADP's board regarding new ideas?

• Open to new ideas

• Indifferent to new ideas

• Closed to new ideas

• Only open to ideas from current directors