AOMFF - GE: What Did Nelson Peltz And Trian Get Wrong?
In October 2015, Nelson Peltz's Trian took a $2.5 billion stake in General Electric (GE) claiming that it has become one of GE's top 10 shareholders. At the same time Trian put out a presentation that showed GE could be worth approximately $40 to $45 by the end of 2017. We all know what happened by the end of 2017. GE shares closed at $17.45, 41% lower than the mid-point estimate of Trian. So what happened to Trian's plan for GE? We will discuss the vision proposed by Trian and where things went