Why GE’s Jeff Immelt Lost His Job: Disruption and Activist Investors
Harvard Business Review
OCTOBER 30, 2017
He sold off slower-growth, low-tech, and nonindustrial businesses — financial services, media, entertainment, plastics, and appliances. Everything is on the table,” Flannery said on a conference call to discuss quarterly earnings. He doubled GE’s investment in R&D. “Things will not stay the same at GE.”
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