(Reuters) Billionaire hedge fund manager William Ackman faces a crucial shareholder vote on Tuesday that will decide his months-long battle with Automatic Data Processing Inc to get three seats on the payroll company’s board. The result could affect not just his scorecard as a corporate agitator but the amount of capital investors maintain at his firm. A handful of investors have told Reuters they are either pulling cash out of Ackman’s Pershing Square Capital Management or considering doing so after a string of setbacks on his high-profile investments.
Ackman Investors Wonder if ADP Bet Will Deliver Their Paychecks
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