“I suspect ratings and negative e-mail probably had a lot to do with it.”
We moved our GE investments (acquired when I worked for the company) OUT of GE for just this reason. I wonder how many others did similar.
Immelt is no Jack Welch, that’s for sure (and Neutron Jack had his issues)
I really think if all the ‘hockey moms’ out there started avoiding GE for all their kitchen appliances and stuff, that might get his attention. They will claim “oh they are different divisions” but at the end of the day it’s all the same parent company, and stock, and investors who don’t like to lose money.