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ADP CEO slams Ackman as 'spoiled brat' using shoddy research

Reuters  |  NEW YORK 

By Michael Flaherty and Sam ForgioneNEW YORK (Reuters) - The CEO of Automatic Data Processing Inc slammed investor William Ackman on Thursday, likening the hedge fund manager to a "spoiled brat," and skewering the billionaire's research efforts into the payroll processor. ADP CEO Carlos Rodriguez, in an interview with CNBC, called his interactions with Ackman "baffling and surreal." Rodriguez took several pot shots at the investor, saying Ackman was relying on disgruntled employees for research and that he prioritized a vacation over a meeting with ADP's board.The interview was a rare display ...

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First Published: Thu, August 10 2017. 23:03 IST