Why GE’s Jeff Immelt Lost His Job: Disruption and Activist Investors
Harvard Business
OCTOBER 30, 2017
In June 2017 the board “retired” Immelt and promoted John Flannery to CEO. So is John Rice, the head of global operations, along with CFO Jeffrey Bornstein. So far in 2017, GE is the worst-performing stock on the Dow Jones Industrial Average. Increase operating margins to 18% (by cutting expenses).
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