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 on Palm Beach island—the world’s most powerful CEOs have reason to grow alarmed.
Peltz’s firm, Trian Fund Management, specializes in activist campaigns against companies it believes are underperforming. Industry giants like DuPont, Procter & Gamble, and PepsiCo have all felt the heat.
Peltz described his 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.
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Source: The Daily Beast
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