Why GEs Jeff Immelt Lost His Job Disruption and Activist Investors
Jeff Immelt ran GE for 16 years. He radically transformed the company from a classic conglomerate that did everything to one that focused on its core industrial businesses. He sold off slower-growth, low-tech, and nonindustrial businesses \u2014 financial services, media, entertainment, plastics, and appliances. He doubled GE\u2019s investment in R&D.