Bill Ackman Can No Longer Walk Down The Street Without Being Approached By CEOs Who Saw Him Coming, Handed A Pre-Written Resignation Letter, And Told "I Thought I'd Just Make This Easier On The Both Of Us"


The activist investor William A. Ackman has had a bruising year, but with one investment, Air Products and Chemicals, he now has something to show for his effort. Air Products, a producer of industrial gases, announced on Thursday that it would add three new directors to its board and begin a search for a new chief executive. The changes were supported by Mr. Ackman, whose firm, Pershing Square Capital Management, acquired a 9.8 percent stake in the company this year. [Dealbook]