Posts Tagged ‘GE’
GE’s Financial Situation
Now The Economist examines Secretary Paulson’s conversation with Jeffrey Immelt in September 2008.
Immelt on GE’s Financial Situation
If General Electric CEO Jeffrey Immelt did, in fact, act as Henry Paulson’s book alleges, he and the company could face some uncomfortable discussions with regulators and in court. I have stated on this blog before that Mr. Immelt has enjoyed more than eight years to prove he can succeed as chief executive. He has done little good for GE, either financially or in the public’s perception. At what point does he recognize this, or does the board decide a change makes sense? (Full disclosure: I am a GE shareholder.)
Four for Thursday: Articles I’ve Read and You Should Too
Management’s Dirty Little Secrets, by Gary Hamel. Mr. Hamel makes some excellent points. Indeed, if you merge some of the data he presents, you see a key truth emerge: people do not leave companies, they leave bad managers. Read the rest of this entry »
