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Posted on: Aug. 17, 2017, 2:56 p.m.
Activist investor William Ackman laid out his case for changes at Automatic Data Processing Inc on Thursday, saying the payroll processor needs to improve its profit margins and integrate its business lines. Ackman's hedge fund Pershing Square Capital Management disclosed earlier this month an 8 percent holding in the $50 billion U.S. human resources outsourcing company and nominated three directors to serve on its board. Full investment news articleRelevent to this post: Bill Ackman,