What happened between ADP CEO and Bill Ackman?

By Matteo Drelli. Updated Sep 6, 2023

Understanding the dynamics between ADP's CEO and activist investor Bill Ackman can be challenging due to various public statements and business moves. As an expert source, I'm here to clarify "What happened between ADP CEO and Bill Ackman?" in a trusted and easily digestible way.

In 2017, Bill Ackman, a respected activist investor, took a stake in ADP and sought board seats, aiming for operational changes. Carlos Rodriguez, the then-CEO of ADP, rejected Ackman's proposals. Despite tension, both parties eventually moved on without drastic changes. Ackman's board nominations were defeated, and ADP continued its operations under Rodriguez's leadership.