2 ms·
I am under the impression Jeff Immelt inherited a barn of cards and the cows finally came home under his watch -making him look less than stellar. It looked li
by mc32 4y ago
I am under the impression Jeff Immelt inherited a barn of cards and the cows finally came home under his watch -making him look less than stellar. It looked like Jack was your great Engineer-cum-MBA but instead there were accounting tricks that eventually caught up to the company after he retired. On the other hand, aiming to be among the top three of anything you were heavily in seems like a good idea to drive improvement and growth to stay there.
- apohn 4y agoThere's a good book (albeit, a bit repetitive as you read it) about the fall of of GE. If I remember correctly the book basically confirms what you said about Immelt inheriting a lot of problems that were hidden behind accounting complexity at GE. https://www.amazon.com/Lights-Out-Delusion-General-Electric/dp/0358250412 https://www.amazon.com/Lights-Out-Delusion-General-Electric/... Not that Immelt was a star either, but he he wasn't the person who created a lot of these problems.
- noneeeed 4y agoI’m sure I remember an interview with him looking back at his time taking over from Welch where a bunch of people basically commiserated him on his appointment because they knew what a bunch of short term financial engineering he was walking into.