Peltz plan raises fears DuPont research hubs will be cut

April 19, 2015 4:02 PM

76 0

Activist investor Nelson Peltz says he will work to slash between $2 billion and $4 billion from DuPont Co. if he wins a proxy fight with the company and secures four seats on its board – including one for himself.

Peltz is coy on details, explaining he does not yet have inside knowledge to guide him on precisely where to cut. But many fear DuPont's celebrated research operations will be on the chopping block.

Read more

To category page