Bill Ackman (Trades, Portfolio) isn't too worried about hurting feelings at General Electric (GE, Financial).
When asked about the giant American company Ackman says that it has a miserable track record of allocating capital. Ackman believes ventures like NBC (NBC, Financial) and oil and gas have cost GE shareholders a lot of money over the years.
Instead Ackman believes that GE should have stuck to its core businesses and used excess capital to buy back stock and pay dividends instead of diversifying poorly.
