When Nelson Peltz acquired a stake in Procter & Gamble and sought a seat on the board, a lengthy proxy battle ensued and Peltz prevailed. Lowe’s took a more constructive approach that could serve as a model for similarly situated companies.
At the urging of an activist investor firm D.E.
Retail industry employment increased by an unusually high 12,900 jobs in November over October, the National Retail Federation reported.
The number excludes automobile dealers, gasoline stations and restaurants. Overall, the economy added 228,000 jobs, the Labor Department said.