P&G appoints Peltz to board despite losing proxy battle

Procter & Gamble Cosaid it appointed Nelson Peltz to its board despite the activist investor narrowly losing a months-long proxy fight, the biggest ever involving a U.S. company.Immediately after its annual meeting in mid-October, P&G said it beat Peltz by a slim margin, but a preliminary tally by an independent election inspector, released a month later, showed otherwise."Because the election results were so close, and because a large number of shareholders voted for Nelson Peltz to be