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Yeah contrast that with Immelt who oversaw a 50% decline in GE's market cap since taking the helm in 2000. Drastically under-performing the S&P 500 over the sam
by dforrestwilson 9y ago
Yeah contrast that with Immelt who oversaw a 50% decline in GE's market cap since taking the helm in 2000. Drastically under-performing the S&P 500 over the same time period.
I can understand the board's desire to put an elder-statesman style CEO in place to reign the "kids" in, but just because he went to Harvard doesn't make him an effective CEO.