Bill Ackman Reacts to Losing Bid for ADP Board Seats

The transcript discusses a campaign involving Canadian Pacific and ADP, focusing on shareholder influence and proxy contests. It highlights the differences between the two campaigns, the voting outcomes, and the impact on ADP's stock price and management strategies. The discussion also covers future plans, engagement with ADP management, and investment strategies.

How did the speaker view the relationship between management and shareholders after the contest?

What were the expectations for the company's growth in the upcoming fiscal years?

What did the speaker imply about the future involvement in proxy contests?

What was the speaker's perspective on the company's performance and the need for changes?