Carlos Rodriguez, CEO of payroll processor ADP, likened activist investor Bill Ackman to a "spoiled brat" who wants a schoolteacher to give him an extension, adding "I'm directly saying he doesn't know what he's talking about."
Sitting down with CNBC's David Faber, Rodriguez started off discussing multiple extensions Ackman has requested for board nominations, after Pershing Square took an 8 percent stake in ADP. "It kind of reminds me a little bit of a spoiled brat in school asking the teacher for an extension for homework," Rodriguez told Faber.
CEO - Ackman - Lies - Rodriguez - Tune
The CEO went on to describe Ackman's two-faced lies; initially telling Rodriguez he had to be replaced, before changing his tune and telling him he had done a good job saving the company, while privately emailing people to say Rodriguez had to go.
Faber: Did Ackman make it clear to you that he thought you should be replaced?
Rodriguez - Time
Rodriguez: He did. The first time I spoke with him, he was actually quite cordial and mentioned to me that he...
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