Advertisements

How Jeff Immelt’s Courtship Of An Activist Investor Backfired For GE Shareholders – Antoine Gara

Spread the love

1.jpg

When hedge fund Trian Partners in October 2015 disclosed a $2.5 billion investment in General Electric GE -1.85% in support of Jeff Immelt’s efforts to reshape the conglomerate, it was the culmination of a multiyear effort by GE’s then-CEO. Two years prior, Immelt had invited Trian’s billionaire cofounder Nelson Peltz to speak at a corporate offsite to GE’s top brass, including some board members, and prod the century-old Dow giant to rein in overhead. After, the hedge fund kept an open dialogue with Immelt as he made some of his biggest decisions as CEO and repositioned the company from a near-death experience during the 2008 crisis…………..

 

 

 

Donate us if you like

 

 

 

 

Advertisements

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this:
Skip to toolbar