Posts Tagged ‘Henry Paulson’
Now The Economist examines Secretary Paulson’s conversation with Jeffrey Immelt in September 2008.
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.)