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