Wachtell Lipton isn’t involved in the latest showdown between billionaire investor Nelson Peltz, and Procter & Gamble, where he is seeking a board seat.
But that didn’t stop industry icon Marty Lipton from issuing a memo of lessons board rooms can take away from the saga.
Just last Friday, Peltz received a key endorsement from an influential shareholder advisory firm, Institutional Shareholder Services Inc. The vote of confidence, Bloomberg News reported , could give Peltz a crucial edge in persuading P&G’s biggest investors to vote him onto the board during its annual meeting on Oct. 10.
By Monday, Lipton and ...