Numbers Game
A Breakup Idea for GE
Meeting its 2018 goals will be tough, but there are other ways the industrial giant can enhance value.
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What's in a number? For General Electric Co., maybe too much.
Back in 2015, fresh off the announcement that it would part with the bulk of its gargantuan lending and real estate operations, GE laid out a framework for its remaining businesses that suggested the company could reach $2 in earnings per share by 2018. Nelson Peltz's Trian Fund Management upped the ante later that year, arguing at least $2.20 in EPS was possible as it largely backed management's strategy of cost cuts and simplification.