“I would say that on the spectrum of hedge fund activists, that Peltz is definitely at the aggressive end.”
When the octogenarian billionaire Nelson Peltz calls, perhaps from his New York office—or, if he’s craving the sun, his 44,000-square-foot palace onPeltz’s firm, Trian Fund Management, specializes in activist campaigns against companies it believes are underperforming. Industry giants like DuPont, Procter & Gamble, andhis philosophy simply in 2016: “We’re trying to figure out how we can get sales up and put a lid on expenses.” Sometimes, that means helping show executives the door.
Peltz is demanding a clear succession plan for Iger and is pushing to trim costs. And he is apparently willing to embarrass Iger to gain influence. In a recent public “I would say that on the spectrum of hedge fund activists, that Peltz is definitely at the aggressive end,” Bainbridge continued, though he noted that in many cases, Trian has made “changes that were regarded as helpful.”
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Just One Thing: A Great Pair of Wide-Leg Jeans Is Worth Falling ForNicola Peltz Beckham and Brooklyn Beckham prove all you need is love and a great pair of wide-leg jeans. Here, shop a selection of them in our Winter 2023 edition of JustOneThing:
Read more »
Peltz's Trian Fund says it will not pursue takeover bid for Wendy'sTrian Fund Management, run by activist investor Nelson Peltz, said on Friday it will not pursue a takeover of Wendy's Co , months after the company's largest shareholder said it was considering a potential bid for the burger chain.
Read more »
Wendy's investor Nelson Peltz decides against taking hamburger chain privateWendy's biggest shareholder says he won't proceed with plans to take the hamburger chain private.
Read more »
Nelson Peltz's Trian won't make offer for Wendy'sActivist hedge fund Trian Fund Management won't pursue a takeover bid for Wendy's, the company said in a securities filing.
Read more »