P&G Denies Trian's Peltz a Board Seat

The video discusses the board seat vote at Procter & Gamble (PNG), highlighting the conflicting reports about the election of Nelson Peltz of Tryon Partners. While PNG claims all directors were re-elected, Tryon argues the vote is too close to call. Peltz, who holds a significant stake in PNG, has been advocating for changes, but the company asserts it has already made improvements. Despite shareholder advocacy for Peltz, he was not elected to the board. However, Peltz did secure a seat on GE's board, marking a partial success.

How did the CEO of Procter and Gamble respond to Peltz's proposals?

What was the significance of the shareholder advocacy groups in this election?