General Electric recently announced that the conglomerate will divide itself into three separate companies in the course of the next three years. CEO Larry Culp stated that “each can benefit from greater focus, tailored capital allocation, and strategic flexibility to drive long-term growth and value for customers, investors, and employees.”
That’s highly questionable.
Unfortunately, Culp has always been focused primarily on managing investor expectations, including for the predatory hedge fund run by billionaire Nelson Peltz, Trian, which has had an excessive influence on the strategic direction of the company since 2015, despite holding a minority of the stock.
That’s highly questionable.
Unfortunately, Culp has always been focused primarily on managing investor expectations, including for the predatory hedge fund run by billionaire Nelson Peltz, Trian, which has had an excessive influence on the strategic direction of the company since 2015, despite holding a minority of the stock.