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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 knows how to deal with these issues,” Peltz said...

Mentions: Management Trian Fund David Taylor