GE is Sliding After an Activist Investor Lands a Board Seat (GE)
General Electric's new CEO is making it clear who is in charge now.
John Flannery, GE's new CEO and chairman of the board, approved a new activist shareholder to the board just days after a chief financial officer shakeup, Bloomberg reports. The company's stock is down about 3% on Monday after the news.
On Monday, Flannery named Ed Garden, a founding partner of activist investing firm Trian Fund Management, to GE's board of directors, according to a report from Rick Clough of Bloomberg...
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