Why GE’s Jeff Immelt Lost His Job – Disruption and Activist Investors
Steve Blank
NOVEMBER 1, 2017
He sold off slower-growth, low-tech, and nonindustrial businesses — financial services, media, entertainment, plastics, and appliances. — In June 2017, the board “retired” Jeff Immelt and promoted John Flannery to CEO. So is John Rice, the head of Global Operations along with CFO Jeffrey Bornstein. Then it wasn’t.
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