Trian slams Dupont ahead of vote

VIDEO7:5807:58
At Trian, we put our money where our mouth is: Garden

Activist investor Trian Fund Management is turning up the heat on DuPont ahead of a key vote for the more than 200-year old company.

"The reason the company can't hit its numbers is because of a very bloated, expensive, bureaucratic holding company that is choking the underlying businesses," Ed Garden, CIO and a founding partner of hedge fund firm Trian, said Monday at the 13D Monitor Active-Passive Investor Summit in New York.

The comments came ahead of DuPont's annual meeting on May 13, when shareholders will vote to decide if four directors proposed by Trian will join the board.