ADP has once more rejected Pershing Square’s demands after a meeting with the ADP board. This time ADP has appeared to give Pershing Square time to voice their opinions in a meeting with the full board at ADP on September 5th. At that meeting Pershing Square requested that rather than replace existing directors, the original…
ADP has issued a press release to confirm that all three of Pershing Squares candidates were unanimously rejected by ADP’s Board Nominating/Corporate Governance Committee. This means that the candidates will not be put forward for nomination at the Annual shareholder meeting. This may be a blow, but probably not unexpected to Williams Ackman. Those three…
JDA has announced that Girish Rishi will become its new CEO. Baljit Dail will step down from his role as Chairman and CEO with immediate effect. He will remain at JDA to the end of the first quarter 2017. Dail will remain in his role as a senior advisor to New Mountain Capital. Girish Rishi was…