Bill Ackman's activist investment firm Pershing Square has a new position: Automatic Data Processing (ADP). The firm recently released a slideshow presentation on their investment.
Their transformation plan for ADP includes the following:
- Fix corporate structure, corporate bloat and inefficiency
- Accelerate investments in product and back-end improvements
- Accelerate product migrations
- Reduce excess support personnel, focus on value-add services
- Increase sales force productivity
As a result, they see the company increasing growth and margins. Pershing has also been trying to gain board representation but so far has been unsuccessful.
Embedded below is Pershing Square's ADP Presentation: "The Time Is Now"
You can download a .pdf copy here.
For more information, they've also started a website on their stake: www.adpascending.com
Wednesday, August 23, 2017
Pershing Square's ADP Presentation
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