WSJ - US Business

ADP Boss Taunts Ackman: This Was a ‘Whooping’

ROSELAND, N.J.—William Ackman lost his bid for three seats on the board of Automatic Data Processing Inc., a resounding rebuke of the struggling activist investor as shareholders sided with management at the human-resources software company.

ADP investors on Tuesday re-elected the entire 10-person board at its annual meeting, capping a battle between management and Mr. Ackman that was particularly acrimonious and colorful—even by typical proxy-fight standards.


WSJ.com: US Business

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