CNBC Squawk Box September 17, 2014
Activist investor Nelson Phelps is taking his to the next helpful. Out now with news this morning that the founder has sent a letter to the company, to calling for or dupont, rather, dow chemical, dupont, calling for a breakup of the country. If this story sounds familiar, hes been working since back in july of last year that we first reported that he bought a big stake in the company. He says that this is an excessive Holding Company cost. He estimates 2 billion to 4 billion of excess corporate costs. He says the district businesses are overwhelmingly complex. How big is his stake in the comp...