Billionaire investor Ackman loses bitter ADP proxy battle

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ADP (ADP) Confirms Ackman Nominees Failed to Be Elected; Shareholders Re-Elect All 10 ADP Directors

November 7, 2017 8:47 AM EST

ADP (NASDAQ: ADP) today announced that, based on a preliminary vote count provided by its proxy solicitor, shareholders have voted to re-elect all 10 of ADP's highly qualified directors to the ADP Board of Directors: Peter Bisson, Richard T. Clark, Eric C. Fast, Linda R. Gooden, Michael P. Gregoire, R. Glenn Hubbard, John P. Jones, William J. Ready, Carlos A. Rodriguez, and Sandra S. Wijnberg.

Pershing Square's three director nominees -- Bill Ackman,... More