Initial results show Nelson Peltz has been thwarted by the $236 billion maker of Tide and Crest in the largest proxy battle in history (PG)

Thomson Reuters Nelson Peltz has been thwarted in the largest proxy battle in history, failing to claim a seat on the board of the $236 billion giant Procter & Gamble. Preliminary results on Tuesday showed that Peltz, the founder of the $14 billion hedge fund Trian Partners, lost the proxy fight by a slim margin against P&G, the maker of consumer products like Tide, Crest, and Bounty and the largest-ever company to face such a challenge. Trian quickly announced its disagreement with the vote cou...