10 thousand people will be fired to pay for his golden parachute.
The stock has trailed the market but the dividend remains relatively high.
Glad to see the last of Immelt. Hope this new guy gets on the Trump Train and makes GE great again.
I was just reading about his retirement package. The different news sites are all over the map. Some say he was booted, some say he’s been eyeing his retirement for a long time. At least business news still has some variation. I haven’t read yet that it is Trump’s fault, but the day is still young!
Ah, yes. Jack Welch's "We didn't give them lifetime employment, we gave them lifetime employability." (If you like your job, you can keep your job.) I think he was the one who divorced his wife in favor of the female editor of Harvard Business Review sent to interview him, right? He started the CEO-as-god frenzy.
And he was the one with McKinsey consulting that started the rightsizing-offshoring lemming craze.
I believe the letters "GE" stand for "Greedy Executives."