ADP CEO says Bill Ackman got an ‘ass-whipping’ in proxy vote

Activist hedge fund mogul Bill Ackman’s reputation was left in tatters on Tuesday after a bruising proxy battle lost against ADP. Coming on the heels of woefully underperforming the markets in 2015 and 2016 — and embarrassing wrong-way bets on Herbalife, Valeant and Chipotle Mexican Grill — Ackman’s ADP

Ackman buys newspaper ad space in bid to win ADP board seats

Bill Ackman is turning to the power of the press in his latest bid to win seats on Automatic Data Processing’s board next month.Ackman’s Pershing Square bought ads in newspapers throughout the country — including The Post — to help direct ADP investors to a Webcast it is hosting Tuesday

Bill Ackman takes a hit from Herbalife short as stock soars

Bill Ackman found himself cornered and squeezed on Friday as shares of Herbalife soared to a nearly three-year high.The maker of nutritional shakes jumped 11.2 percent, to $75.25, after it revealed its recent offer to repurchase up to $600 million of outstanding shares was under-subscribed.The lack of interest in the

ADP calls out Bill Ackman for flip-flopping

Automatic Data Processing called out Pershing Square’s flip-flopping in its latest effort to keep the Bill Ackman-led hedge fund off its board.“Pershing Square’s extreme and ever-changing views on a rapid acceleration in ADP’s margins demonstrate a fundamental lack of understanding of what makes ADP successful,” ADP said in a letter

Leon Cooperman says Ackman’s attack on ADP is “disgraceful’

Bill Ackman’s proxy battle against Automatic Data Processing is “disgraceful” — and it’s going to be a disaster, according to hedge-fund tycoon Leon Cooperman.“He’s going to lose, he’s not even going to be close and he’s going to further tarnish his reputation,” Cooperman of Omega Advisors told The Post Wednesday

Bill Ackman is playing Jekyll-and-Hyde with ADP

It looks like Bill Ackman is trying Jekyll-and-Hyde tactics to shake up Automatic Data Processing’s board.The activist investor’s hedge fund Pershing Square said Wednesday that it wants to replace three of ADP’s board members as he pressed the payroll processor to cut costs and update its technology.That’s an abrupt turn

Bill Ackman’s fight for ADP board seats will be an uphill battle

Bill Ackman is going to have to make nice with a lot of Automatic Data Processing’s shareholders over the next two months.The activist hedgie is trying to win three spots on the payroll-processor’s board — while being able to vote only 2 percent of the company’s common shares, according to

Bill Ackman: I won’t insist on replacing ADP directors

Bill Ackman told ADP his activist hedge fund is willing to accept three seats on an expanded board rather than replace three directors.The activist hedgie behind Pershing Square Capital, who had been looking to unseat three of the paycheck processor’s board members at the company’s annual meeting next month, said

Bill Ackman unloads his stake in Nomad Foods

Billionaire investor William Ackman has decided to exit his large stake in Nomad Foods, selling out of one of his handful of investments at a time he is waging a proxy fight to push for change at another portfolio company.Shares of Nomad, which makes Birds Eye fish fingers and Iglo

ADP’s board skipped Ackman’s boring, 3-hour slideshow

Automatic Data Processing doesn’t like to be lectured — especially when that lecture is a three and a half hour snoozefest led by hedge fund billionaire Bill Ackman.Just two weeks ago, Ackman delivered a 168-slide presentation full of ideas on how to revive ADP — only to discover that afternoon

Bill Ackman switches to a kinder, gentler tone with ADP

Bill Ackman is trying to make nice.The silver-haired hedgie emailed top brass at Automatic Data Processing Thursday, scrambling to tamp down acrimony that has spilled into the public eye since his fund Pershing Square demanded changes to the company’s board earlier this month.“It appears that there have been misunderstandings over

Chemical company prodded by Ackman will split off agriculture division

A chemical giant that’s under pressure from activist investor Bill Ackman has decided to split itself into two separate companies, The Post has learned.Platform Specialty Products is expected to announce Thursday that it will pursue a public offering of its agricultural pesticides division, according to sources briefed on the situation.In

Herbalife’s stock jumps as it reveals it was in buyout talks

Herbalife shares surged in early trading Monday after the nutritional supplement company announced plans to repurchase stock and revealed that it recently entertained going private.The shares jumped as much as 8 percent to $67 in pre-market trades as Herbalife said it would repurchase up to $600 million shares priced between

ADP snubs Bill Ackman’s nominations to its board

The battle between Bill Ackman and Automatic Data Processing will not end quietly.Payroll processor ADP said Monday that it won’t nominate the activist investor’s candidates to its board, setting the stage for an expensive proxy battle.In a cheeky rebuke, ADP said the three nominees submitted by Ackman’s Pershing Square hedge

Ackman’s big ADP pitch flops on Wall Street

Looks like Bill Ackman won’t be cashing this check anytime soon.The hedge-fund billionaire on Thursday delivered an elaborate slideshow presentation detailing his bullish bet on payroll processor Automatic Data Processing — only to see the stock tumble more than 5 percent.In a three-and-a-half-hour with analysts and investors, Ackman pitched his

Ackman wanted extension on board nominee submission

Bill Ackman thinks things would have been a lot easier for ADP if it just let him turn in his homework late.“Had they given us a week, I don’t think we would be in a proxy contest because I think they would have heard [w]hat we’re going to say tomorrow

ADP chief takes a swipe at “spoiled brat’ Bill Ackman

Bill Ackman is a “spoiled brat,” according to Automated Data Processing CEO Carlos Rodriguez, who is battling the activist investor’s efforts to grab three seats on the paycheck processor’s board.Ackman’s Pershing Square hedge fund initially wanted five seats along with Rodriguez’s ouster, ADP had claimed, but settled for less after

Ackman is still battling for board seats at ADP

Activist investor Bill Ackman doesn’t take no, no and no way for answer.Despite getting a major league blow-off last week from payroll processor Automatic Data Processing, Ackman’s Pershing Square will seek three seats on the ADP board — including one for Ackman, the hedge fund said Monday in a regulatory

Ackman seeks board seats, CEO ouster at ADP

Bill Ackman’s re-kindled lust for paycheck processor ADP is now out in the open.The activist investor behind Pershing Square is looking to oust the CEO of the underperforming Automatic Data Processing as well as snag five seats on the board, the New Jersey company said on Friday.While ADP says it

Ackman rejoicing as Herbalife stock suffers

Activist hedgie Bill Ackman caught a glimmer of hope Tuesday as Herbalife’s stock tumbled nearly 4 percent in after-hours trading following a mixed 2017 forecast.The Los Angeles nutritional supplement company said second-quarter North American sales fell 18 percent from last year. Herbalife also said that the third-quarter results could be

This might be Bill Ackman’s next big idea

Activist investor Bill Ackman may have found his next target.Shares of Automatic Data Processing rose as much as 11.3 percent to $117.92 on reports that the hedgie’s Pershing Square has built a stake in the New Jersey-based payroll and tax filing processor.The size of Pershing’s stake and his intentions for

Blackstone nears $4B-plus deal for Ackman’s chemical company

Buyout king Stephen Schwarzman’s Blackstone Group has advanced into the final stages of a $4.25 billion auction for half of a chemical company whose biggest shareholder is Bill Ackman, sources told The Post.Platform Speciality Products is looking to sell the agricultural chemical side of its business, with Blackstone leading a

Bill Ackman snags Twitter followers — without tweeting

Billionaire hedgie Bill Ackman is stalking the Twitter-verse.The founder of the $11 billion Pershing Square funds quietly joined Twitter this month, a spokesperson confirmed on Thursday — although the investor has yet to send out his first tweet.Ackman is using the handle @BillAckman1.Unlike other financial pros who recently started using the

Joe Biden shuts down “wiseass’ Bill Ackman after tasteless joke

Talk about bad table manners.Hedge fund billionaire Bill Ackman got into a testy exchange with Joe Biden at a private dinner in Las Vegas last month, making a snarky comment after the former US vice president spoke about the tragic death of his son.The testy altercation began after Biden answered

John Paulson joins Valeant’s board despite heavy losses

Billionaire John Paulson is doubling down on Valeant Pharmaceuticals.The hedge-fund tycoon said Monday he is joining the board of the scandal-ridden pharma giant — despite the fact that he’s lost nearly $2 billion on the company’s shares thus far.The move comes just three months after fellow hedgie Bill Ackman of

John Paulson joins Valeant’s board despite heavy losses

Billionaire John Paulson is doubling down on Valeant Pharmaceuticals.The hedge-fund tycoon said Monday he is joining the board of the scandal-ridden pharma giant — despite the fact that he’s lost nearly $2 billion on the company’s shares thus far.The move comes just three months after fellow hedgie Bill Ackman of

John Paulson joins Valeant’s board despite heavy losses

Billionaire John Paulson is doubling down on Valeant Pharmaceuticals.The hedge-fund tycoon said Monday he is joining the board of the scandal-ridden pharma giant — despite the fact that he’s lost nearly $2 billion on the company’s shares thus far.The move comes just three months after fellow hedgie Bill Ackman of

Ackman struggling to drum up interest in $4B agrichemical business

Martin Franklin and Bill Ackman’s plan to sell their agrichemical business is in the weeds, The Post has learned.The investors, who control Platform Specialty Products Corp., have had the company’s agriculture chemicals businesses on the auction block for months but is having a hard time getting serious nibbles at the

Ackman struggling to drum up interest in $4B agrichemical business

Martin Franklin and Bill Ackman’s plan to sell their agrichemical business is in the weeds, The Post has learned.The investors, who control Platform Specialty Products Corp., have had the company’s agriculture chemicals businesses on the auction block for months but is having a hard time getting serious nibbles at the