odors coming from General Electric's Jeff Immelt ?
why is this guy, Jeff Immelt, still on the payroll?
under his management sticok value has plummeted, yet he
still gets $20 million a year.
what am I missing ?
Bill Oreilly of Fox news is starting to look into
GE's performance and Jeff Immelt salary and perks.
Is Jeff Immelt enginerring a slow Enron meltdown for
his own profit?
Jack Welch Beats Up General Electric's Jeff Immelt. But Who's The Real Innovator?
Posted by: Bruce Nussbaum on
It’s rare for an ex-ceo to publicly criticize his successor but Jack Welch leveled a harsh blast against GE’s Jeff Immelt days after the company announced a surprise drop in earnings right after Immelt promised it would meet its rich financial targets.
This is what Welch said: “Here’s the screw-up: you made a promise that you’d deliver this and you miss three weeks later,’’ Mr Welch said on GE-owned CNBC. “Jeff has a credibility issue. He’s getting his ass kicked. He apologised. Things happen fast.’’
What happened was the collapse of Bear Stearns and the meltdown in the credit markets. What happened was the sharp decline in the US economy and the beginnings of a slowdown in India and other overseas
markets that GE plays in.
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