Capitolism

Independent in All Things, Neutral in Nothing

Immelt on GE’s Financial Situation

with 2 comments

If General Electric CEO Jeffrey Immelt did, in fact, act as Henry Paulson’s book alleges, he and the company could face some uncomfortable discussions with regulators and in court. I have stated on this blog before that Mr. Immelt has enjoyed more than eight years to prove he can succeed as chief executive. He has done little good for GE, either financially or in the public’s perception. At what point does he recognize this, or does the board decide a change makes sense? (Full disclosure: I am a GE shareholder.)

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Written by Russell S.

February 7, 2010 at 9:57 pm

2 Responses

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  1. GE was a good company many years ago.

    Since Immelt took over it’s been one problem after another. The world has lost it’s TRUST for GE! Immelt and his Direct Reports has mislead the entire world about GE! The $50 Million fine from the SEC, and the $40 Million from the ERISA lawsuit and etc.

    If the SEC, the Regulators and the Courts take further actions such as investigate very deep they will find problems.

    Why aren’t the GE Shareholders taking any actions to protect GE and it’s employees?

    GE Investor

    February 8, 2010 at 2:07 am

  2. What KILLS me about GE is that they make about a zillion things that the world needs and buys–so why aren’t they more profitable? GE Capital’s problems are well-known…but it seems to me that what you and GE investor say/imply just may be the case–Immelt’s not up to the job.

    I’m reading Paulson’s bio on Kindle now–folksy and homespun, but very interesting so far.

    CW

    February 8, 2010 at 10:14 pm


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