Contrarian Corpus
Trian Partners vs. Automatic Data Processing (ADP)

Automatic Data Processing (ADP) · ADP

1 deck published between 2017-09-01 and 2017-09-01 — 69 pages, 69 analysed slides total. Outcome: won.

response

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2017-09-01 response

    adp3305471 ex1

    69pp · response_filing

    ADP has delivered 203% TSR under CEO Rodriguez; Pershing Square owns just 2% of common stock and its nominees lack the HCM and technology experience to improve on this trajectory.