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Activist Investor Makes Big Bet on GE.

Authors :
BENOIT, DAVID
MANN, TED
Source :
Wall Street Journal - Eastern Edition. 10/5/2015, Vol. 266 Issue 81, pA1-A6. 2p. 1 Color Photograph, 1 Graph.
Publication Year :
2015

Abstract

The article states that the investment company Trian Fund Management LP, run by activist shareholder Nelson Peltz, purchased $2.5 billion worth of shares in the U.S. conglomerate General Electric Co. (GE) between mid-May 2015 and early October 2015. The article discusses the relationship between Peltz and GE chief executive officer (CEO) Jeffrey Immelt, Trian's planned October 5, 2015, release of a white paper outlining its views on GE's direction, and the stock performance of GE under Immelt's stewardship. The article presents comments from Peltz.

Details

Language :
English
ISSN :
00999660
Volume :
266
Issue :
81
Database :
Academic Search Index
Journal :
Wall Street Journal - Eastern Edition
Publication Type :
News
Accession number :
110113370