ADP CEO on Third-Quarter Earnings, Ackman's Proxy Fight

The video discusses the current labor market challenges, including rising unemployment and furloughs. It highlights the impact on businesses, particularly in terms of revenue and client retention. April data shows signs of stabilization, with job postings as a leading indicator. ADP's strategy post-proxy battle with Bill Ackman is also covered, emphasizing transformation efforts and shareholder relations.

What is the approximate number of clients the company has?

• 500,000

• 800,000

• 1,000,000

• 1,200,000

What is a leading indicator of potential economic recovery mentioned in the transcript?

• Unemployment claims

• Job postings

• Consumer spending

• Stock market trends

How much revenue decrease did the company experience due to the drop in employees paid at client sites?

• $100 million

• $200 million

• $400 million

• $300 million

What was the company's approach to revising its financial guidance?

• Withdrawing it completely

• Increasing the guidance

• Revising it with visibility

• Maintaining the original guidance

What was one of the outcomes of the company's transformation efforts?

• Decreased client retention

• No change in client retention

• Increased client retention

• Loss of major clients

How did the company view its relationship with Bill Ackman after the proxy contest?

• Hostile

• Constructive

• Indifferent

• Unchanged

What was a significant measure of business health mentioned in the transcript?

• Stock price

• Client retention

• Revenue growth

• Market share