Nelson Peltz Explains Trian's 'big mistake' on GE and Why He's Sticking by the Stock: 'Larry Culp is a star' - entornointeligente.com -BoardProspects

Nelson Peltz Explains Trian's 'big mistake' on GE and Why He's Sticking by the Stock: 'Larry Culp is a star'

entornointeligente.com Sep 19 2019 BoardBlogs

GE's stock has dropped more than 70% since Trian Partners took a position in the struggling company. “That was our big mistake; we should have sold three thirds of our position,” Trian Partners CEO Nelson Peltz said. Peltz is optimistic that GE is turning things around under new management, however. “I think Larry Culp is a star. I think he knows how to run a business. I think he knows how to deal with these issues,” Peltz said...
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Quotes
1. That was our big mistake; we should have sold three thirds of our position.
2. I think Larry Culp is a star. I think he knows how to run a business. I think he knows how to deal with these issues.
3. I think Larry Culp is a star. I think he knows how to run a business. I think he knows how to deal with these issues.
4. You see companies in trouble and they parachute a star in and, he is a star, but he didn't know all the problems as he was parachuting in. Larry was on the board roughly a year before he became CEO.
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