Monitor this move closely. The face of GE as we know it may soon not exist and neither will your job.
HTTPS://finance.yahoo.com/news/peltz-apos-trian-may-win--220100251.html
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“Trian has a strong track record of working with companies to build long-term shareholder value, and has been an engaged shareholder. We appreciate their perspectives and look forward to a constructive ongoing dialogue with Trian as we execute our strategy to reshape the Company.”
– Jeffrey R. Immelt (Former Chairman and CEO of General Electric)
GE Press Release dated October 5, 2015
Famous last words
Yes, it will be stripped to its parts and they will be sold off. It will be similar to the asset stripping done by firms like Bain Capital in the past, just with a bigger turkey to carve. When this announcement is made, it will be the final nail in the coffin for GE.
This ship is going down if the oil price doesn't recover.
https://www.yahoo.com/news/peltz-apos-trian-may-win-220100251.html
Try this
I tried that url and got a "story not found" error at yahoo. But I searched on the words and found the story here as well: http://www.foxbusiness.com/features/2017/09/19/peltzs-trian-may-win-ge-board-seat-amid-possible-large-restructuring-industrial-giant.html
If this happens, nothing is off the table. Even Power and Aviation might get sold off. So wipe that smug grin off your face and come up with a personal rescue plan while there is still time.
Shouldn't have wasted billions buying baker Hughes.
Pension is under-funded big time.