With the stock touching levels last seen 20 years ago, this isn’t the transition GE shareholders were hoping for. But it is also a warning of what could be in store for another iconic conglomerate when its long serving CEO steps down.
Amazon’s bid to buy Whole Foods has shaken up the grocery business, and it is forcing all retailers to reset their expectations about Amazon’s reach. But like any merger, there’s risk involved. Amid the excitement of a mega-deal it’s easy to overlook an uncomfortable fact: Most mergers fail. Research has shown that mergers fail more […]
Jeff Immelt is stepping down after 16 years at the helm of GE, and by most measures he was a successful leader. He directed a sweeping transformation of the company, adapted to big changes in technologies and global markets and avoided major scandal. But by one significant measure – the stock price – Mr. Immelt […]
A CEO can be vague about a lot of things, but there’s one clear sign he is frustrated by a lagging stock price – a big newspaper ad. Jeff Immelt, CEO of General Electric, is the latest to write a check to proclaim the virtues of his company’s shares. Will it work?
At a time when most executives are ready to work on their golf game, Kevin Sharer, who recently stepped down as CEO of Amgen, is taking up a new challenge as a professor at the Harvard Business School. His move offers several lessons in risk-taking.
GE, the embodiment of American capitalism, is under fire from conservatives for CEO Jeff Immelt’s role on a presidential advisory panel and other alleged misdeeds. The sniping has mostly been heard on Fox News and at Republican presidential primary events, but Monday’s Wall Street Journal brought the story right to the doorstep of GE’s clients. […]