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Jack Welch’s successor, Jeffrey R. Immelt, failed to capture the same leadership aura. But it may be that the idea of a conglomerate was unsustainable...
Given how horrendous the stock performance has been for so many years, the most amazing thing is why the board didn't act sooner
About the best that can be said is that he enabled G.E. to survive through a difficult time.
Jeff Immelt brought his best every day for 16 years.
I don't think Jack Welch was ever as good as he was made out to be.
It turned out G.E. had no competitive advantage in financial services.
Specialization is something that provides real value.
Today, G.E. is a more focused industrial company with strong growth opportunities in the long term.