Why GE’s Jeff Immelt Lost His Job – Disruption and Activist Investors
Steve Blank
NOVEMBER 1, 2017
He sold off slower-growth, low-tech, and nonindustrial businesses — financial services, media, entertainment, plastics, and appliances. During Jeff Immelt’s tenure GE’s stock-market value fell by about half. Its stock is trading where it was 20 years ago. In 2015 Trian Partners, an activist investor, bought $2.5
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