American - Businessman | June 24, 1942 -
I spent most of my career operating businesses and fixing businesses, not staring at a Bloomberg screen.
Nelson Peltz
CareerStaringScreenMostSpent
If I'm on the board of any company where there's an offer that comes in, I want to negotiate.
WantCompanyWhereBoardOfferAny
Rupert Murdoch is a good friend of mine.
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I don't mind anybody coming after me as long as they're coming with facts.
MindMeFactsLongComingAnybody
After Cadbury, the candy company, separated from Dr. Pepper, the soft drinks maker, Cadbury was able to substantially lower its debt load. The profits of Cadbury, the candy company, zoomed.
DebtCandyCompanySoftAblePepper
The activists play the balance sheet by selling a division to buy back stock and leveraging the balance sheet and buying back more stock.
BalanceBackSellingPlayMoreBuy
Before, Tiffany sold watches only in its own stores. Now, Tiffany watches are sold in 1,500 stores.
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Legg Mason's structure is misunderstood by the market. Legg Mason has an affiliate model. They own 100% of their affiliates, which are investment managers such as Permal, Western Asset Management, and Royce.
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You know what term you don't hear anymore? Arbitrage. The markets have gotten too efficient.
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I understood the power of Heinz since I was a kid, and I started to work for my father selling food to restaurants.
WorkFatherPowerFoodSellingKid
Sequestration, sequestation - however you pronounce that word - and gridlock aren't all that bad.
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I'm willing to have two directors on the DuPont board, me being one of them.
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