When asked about General Electric Co. (GE - Get Report) at The Deal's Corporate Governance conference on Thursday, June 7, Peltz said that he believed that a breakup is possible. Trian's Ed Garden sits on GE's board.
"Well, when a man says everything is on the table, I mean you got to take him at his word and I would definitely take him [GE CEO John Flannery] at his word," Peltz said when asked by TheStreet's Jim Cramer if GE was seriously considering a breakup.
Shares of GE rose slightly on Thursday.
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This story has been updated to include additional details.