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ADP is already making changes investor wants, CEO says in interview (Reuters)

October 19, 2017

Automatic Data Processing Inc. (NASD: ADP) is already making many of the changes activist shareholder William Ackman is advocating for, but it will take time to see results, CEO Carlos Rodriguez told Reuters in an interview on Wednesday. After acquiring a stake in the company earlier this year, Ackman said he wanted ADP to become more efficient, slim down its real estate holdings and cut what he calls a bloated bureaucracy.