Why GE’s Jeff Immelt Lost His Job: Disruption and Activist Investors
Harvard Business
OCTOBER 30, 2017
So is John Rice, the head of global operations, along with CFO Jeffrey Bornstein. Increase operating margins to 18% (by cutting expenses). In June 2017 the board “retired” Immelt and promoted John Flannery to CEO. Since then Flannery has replaced Immelt’s vice chairs responsible for innovation. Comstock is out.
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