Why GE’s Jeff Immelt Lost His Job: Disruption and Activist Investors
Harvard Business
OCTOBER 30, 2017
He sold off slower-growth, low-tech, and nonindustrial businesses — financial services, media, entertainment, plastics, and appliances. Innovation at GE was on a roll. Since then Flannery has replaced Immelt’s vice chairs responsible for innovation. He doubled GE’s investment in R&D. Then it wasn’t.
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