In rebutting Bill Ackman's call for a new CEO of ADP, Management CV suggests the problem is in the finance chief's office.
The activist investor says ADP could more than double its stock price if it cut staff and made better investments in technology.
The activist investor is planning to name a minority slate to the ADP board as he seeks "transformational change" at the company.
The agonies and ecstasies of firms that are addicted to doing takeovers.
The takeover contest's outcome becomes unclear when we consider the conflict between the hedge fund’s objectives and the Allergan board's fiduciary duty.
