Why GE’s Jeff Immelt Lost His Job: Disruption and Activist Investors
Harvard Business
OCTOBER 30, 2017
GE made a $4 billion bet on connecting industrial equipment through the internet of things and analytical software with a suite of products called Predix Cloud. In June 2017 the board “retired” Immelt and promoted John Flannery to CEO. So far in 2017, GE is the worst-performing stock on the Dow Jones Industrial Average.
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