Typical trick by the Dow to make sure the index is ever upward. Throw out the company in the downward death spiral, and replace it with an up - and - coming corporation.
The GE board members should be held personally liable for failing to go after the execs that looted the company.
You are of course, correct; however, from my experience, corporate boards do not consist of members who ever go against the CEO. Board members are notorious for rubber-stamping the CEO's policies, however stupid.
Immelt is an idiot and let his personal leftist politics ruin a once great company.