Why GE’s Jeff Immelt Lost His Job – Disruption and Activist Investors
Steve Blank
NOVEMBER 1, 2017
So is John Rice, the head of Global Operations along with CFO Jeffrey Bornstein. If their campaign is successful, like Trian’s was at GE, they’ll have a seat on the board and a new CEO and management. Often the short-term cuts directly affect employee salaries, jobs, and long-term investment in R&D. Beth Comstock is out.
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