Nelson Peltz quotes:

It appears that PepsiCo views structural change as a sign of weakness, an admission of failure, and an untenable break with past traditions.

Legg Mason's structure is misunderstood by the market. Legg Mason has an affiliate model. They own 100% of their affiliates, which are investment managers such as Permal, Western Asset Management, and Royce.

I believe in pay for performance.

I try to figure out the marketing puzzle.

The activists play the balance sheet by selling a division to buy back stock and leveraging the balance sheet and buying back more stock.

Sometimes it takes longer to create value, but if the companies generate more earnings, the stocks will ultimately reflect that.

I'm willing to have two directors on the DuPont board, me being one of them.

Rupert Murdoch is a good friend of mine.

My kids are exhausted every day, and I keep them that way. It's gym, ice, homework. They're too tired to get in trouble.

I understood the power of Heinz since I was a kid, and I started to work for my father selling food to restaurants.