Trian: Initiatives will make P&G 'best-in-class company once again'
Trian Fund Management, whose investment funds beneficially own approximately $3.5B of shares of The Procter & Gamble Company, is mailing a letter to P&G employees, retirees and other alumni highlighting the Company's disappointing performance over the past decade and summarizing Trian's strategic initiatives that it believes will help make P&G a best-in-class company once again. Trian is aware that many P&G retirement plans are funded with P&G stock and believes that employees and retirees are entitled to stronger performance. Trian is disappointed that P&G has been inundating its employees, retirees and alumni with misleading communication materials about Nelson Peltz's track record and intentions. Trian feels it is important for members of the P&G community to cut through the noise and know the truth about Nelson Peltz's commitment to investing in companies' long-term growth and creating sustainable long-term shareholder value. Trian urges all of its fellow shareholders to help revitalize P&G and to vote "FOR" Nelson Peltz on the WHITE Proxy Card. Trian says, "Contrary to what the Company's materials would have you think, our proposals will not derail the progress that comes from your hard work at P&G. Rather, they will help make P&G better, holding management and the Board accountable for success and failure, and empowering you. I am committed to investing in P&G's future, and that means investing in all of you."