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. They then buy stock in these public companies and attempt to convince management to increase the price of the shares. He doubled GE’s investment in R&D. Innovation at GE was on a roll.
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