By: Scott Davis
GE: A Painful Reset – But It’s Over
For those who avoided this GE mess, hats off to you. This is painful. And it’s hard not to be downright angry at retired CEO Jeff Immelt and the GE Board. They bled this company and harmed its brand over 16 years. If it’s even remotely true that Immelt had a spare airplane following him around “just in case”, well that should be investigated as corporate theft with remuneration made back to shareholders if its indeed true. Let’s hope it’s not.