Jeffrey Immelt, former CEO of GE, published an article in the Harvard Business Review outlining his strategy for remaking a “historic and iconic company during an extremely volatile time.”
Immelt outlined lessons he learned during the process, including maintaining discipline and focus, rewiring your brain prior to the transformation, getting employees on board for change, being all in and resilient, listening and acting at the same time, and embracing new talent, culture and ways of getting things done.
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2 Replies to “How Immelt Remade GE”
he should go down in history as one of the worst CEO’s ever
he sold GE capital at the Bottom and Oil at the Top
and the stock was the worst performer ever
thankfully my father in law sold his stock in 2000
It doesn’t matter what Jeff says about his tenure as CEO of GE it was an utter disaster. Almost every strategic decision he and his team made during this period was poorly timed and wrong. The best validation of his failure is to compare GE to its industrial competitors such as Honeywell, 3M and others during this same period. They all did much better. Jeff has no credibility. During his tenure GE lost its AAA rating. It had to be bailed out by the government as no one would support GE’s commercial paper. GE Capital had miss-aligned strategies such as borrowing short and lending long and speculating in real estate at the wrong time.