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P&G, Valeant Exemplify Wall Street's 'Overboarded' Problem; Musk Must Raise Funds — ICYMI Thursday

If your favorite company has an "overboarded" board, chances are an activist investor is going to come knocking to throw those directors... well, overboard, to turn a phrase.

Unless your company is going gangbusters, chances are these insurgents will look to agitate for change at the board level in an attempt to shake things up, and, in turn turn up revenues.

Well, Procter & Gamble Co. (PG) shareholders, that is exactly what's going on at your beloved consumer products company.

Consider that Procter & Gamble directors serve on average of 2.63 public boards, according to BoardEx, well above the overall average of 2.01 directorships for S&P 500 boards.

Luckily for activists, and maybe shareholders (P&G shares are up 8% since Nelson Peltz's outfit got involved), P&G isn't alone in carrying over-tenured and overboarded directors. The lot also includes Valeant Pharmaceuticals Inc. (VRX) , Baytex Energy Corp. (BTE) and Lowe's Cos. (LOW) , among others that could be targeted on the grounds that some of...


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