Ed Garden Bullish On Bank of New York Mellon

We are out at the Invest for Kids conference today in Chicago – below are our informal notes from the presentation by Ed Garden Of Trian Partners. We have a lot more coverage so stay tuned 

Also we have a lot more conference coverage under our hedge fund Q3 post

Ed Garden

Bank of New York Mellon (BK)

Trian’s general goal is to work with management and the board to improve the income statement, very different from traditional activist.  More like a private equity sponsor.  Looking to do two things 1) Eliminate management’s information advantage over the board, and 2) attack the problem issues directly.  PE has been able to do this better than your public board.  Public boards don’t...