Highlights From Bill Ackman's Presentation At OSC Event In Toronto

On Thursday, activist investor Bill Ackman made a presentation to the Ontario Securities Commission (OSC) panel in Toronto.

Some of the highlights from Ackman's presentation on activism:

• Said the main problem at Canadian Pacific was CEO
• System is much healthier with investor activism; more activism is needed
• Canada has much better regime for activism than United States
• Activists always make less because they bear costs
• Paying people to vote on board should be illegal
• Allergan board mishandled company during defense; details coming soon
• No difference between boards in Canada and United States