Entrepreneurs / Startups

One of DuPont’s largest shareholders wants the company to break up [Startup Roundup]

Plus: Fortune profiles a University of Delaware grad with a successful food truck startup.

A DuPont trade show banner. (Photo by Flickr user Health Gauge, used under a Creative Commons license)



Activist investor Nelson Peltz, who caused a stir with Heinz and Kraft, is advising for DuPont to break up, according to an article published in The News Journal. In July, Peltz publicly said DuPont needed to simplify if they wanted to see a boost in shareholder value. His venture, Trian Fund Management, L.P., has $1.6 billion invested in DuPont and is one of the company’s largest shareholders. This week, according to the article, he published a letter stating that DuPont should be broken into smaller companies.
A recent article published in Fortune details the growing popularity of college business majors starting food truck businesses. The article profiles Leigh Ann Tona, a recent University of Delaware graduate, who came up with the idea for “I Don’t Give A Fork” during her senior entrepreneurship class. According to the article, she entered a pitch competition in 2011 and won $1,000, which allowed her to brand her truck and purchase a domain name and business cards. The next year, she set up shop on UD’s campus. Students ate up what she was selling — hoagies, specialty nachos and mac & cheesesteak. She was able to get a loan and now zig-zags across Delaware, selling her food at festivals, museums and campus hangouts.


Earlier this month, Attorney General Beau Biden announced (on the state’s website) that the Delaware Department of Justice received $51,400 from J.P. Morgan Securities. The money, which comes from a settlement with the Attorney General’s Investor Protection Unit, is the result of an investigation which proved that J.P. Morgan Securities agents were not properly registered in Delaware and in other states.

Companies: DuPont / University of Delaware

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