Ackman's Pershing Square says ADP needs to streamline, modernize
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/1/2026
- Wall Street ends higher as Amazon soothes AI jitters
- Amazon shares rally as cloud growth surges and spending outlook climbs
- Apple shares sink on disappointing September quarter sales outlook
- Novo Nordisk stock tumbles 10% as key trial misses goal
- AI wizkid Leopold Aschenbrenner forced to sell entire portfolio after rout
- SCYNEXIS (SCYX) Move Attributed to Morning Note from Brookline
- AbbVie (ABBV) Misses Q2 EPS by 6c, Beats on Revenue; Offers FY26 EPS Guidance
- Short sellers pile into SpaceX ahead of earnings, lockup expiration
- Wall Street ends higher as Amazon soothes AI jitters
- Novo Nordisk's ziltivekimab fails to reduce heart risk in ZEUS trial
- After-Hours Stock Movers: AAPL, AMZN, COIN, RBLX, RDDT, AXTI, FND, WU, GDDY
- After-Hours Stock Movers: META, MSFT, CMG, SBUX, CVNA, LRCX, FTNT, QCOM, TDOC
- After-Hours Stock Movers: F, BE, STX, WDC, KLAC, SWKS, NXPI, CSGP, ENPH
- After-Hours Stock Movers: FFIV, CDNS, APLD, RMBS, ESI, SANM
- After-Hours Stock Movers: INTC, AMD, ARM, MXL, EW, DECK
ADP (ADP) Issues Statement Responding to Pershing Square Investor Presentation
August 17, 2017 2:19 PM EDTADP (NASDAQ: ADP) today issued the following statement in response to Pershing Square Capital Management's investor presentation on ADP:
"ADP is committed to engaging constructively with shareholders on important issues facing the company. However, we strongly disagree with many of the assertions made by Mr. Ackman in today's presentation, which betrays a fundamental lack of understanding of the current state of ADP's business and strategy. He presented nothing that has not previously been analyzed by the Board and management."
"ADP is not resting on its laurels. Our Board and management team are... More
Ackman Says ADP (ADP) Will Likely Need a New CEO - Bloomberg, Citing Call
August 17, 2017 12:16 PM EDTAckman Says ADP (Nasdaq: ADP) Will Likely Need a New CEO - Bloomberg, Citing Call
... MoreUPDATE: Robert Chapman Says He's Shorting ADP (ADP) - Bloomberg, Citing Email Interview
August 17, 2017 10:54 AM EDT(Updated - August 17, 2017 10:55 AM EDT)
Robert Chapman Says He's Shorting ADP (Nasdaq: ADP) - Bloomberg, Citing Email Interview
Chapman Says ADP is Overpriced/Hyped on Ackman... More