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. Instead of lean innovation programs, there is a mandate to cut $2 billion in expenses by the end of next year, lift profits and raise the dividend. . — In June 2017, the board “retired” Jeff Immelt and promoted John Flannery to CEO. So what happened?
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