Control Of GE

Activist investor Nelson Peltz, who has a one percent stake in General Electric through Trian Fund Management has outlined plans that he feels GE should follow to behave like a cash cow, not a growth company. For example, Peltz wants GE to get rid of its finance division, add debt to buy back stock, and cut costs. What is interesting is that GE has recently sold its appliance division for $3.3 billion, sold its vehicle-fleets assets business for $6.9 billion, sold its health finance unit for $9 billion, and today sold GE Capital, with $32 billion in assets, to Wells Fargo. In fact, since April 2015, GE has sold $126 billion of the $200 billion it plans to divest. It sounds like Peltz is suggesting GE do what it said it was going to do.