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. So is John Rice, the head of Global Operations along with CFO Jeffrey Bornstein. During Jeff Immelt’s tenure GE’s stock-market value fell by about half. Beth Comstock is out.
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