"That was the one I got wrong" at 14:25. Are you serious ?? Selling GE Capital at the wrong time, buying Baker Hughes at the top of the oil cycle, proclaiming the $2.00 EPS target for 2018 when there was no way that was going to happen, but a theme park ride is the one he got wrong ?
I am with GE for 4 years and monitor My CEO - Jeff Immelt performance and I got to say he did average (not good or bad) Look at John Flannery now? What do you think ???
Show me an American conglomerate that has been successful. That's right, I thought so. Berkshire Hathaway is successful because its a collection of totally independent businesses. G.E should have been broken up long time ago. Immelt said it, one day he is solving nuclear disaster and next he has to deal with airlines going bankrupt. GE didn't have focus. He doesn't have expertise in all fields, yet has to take decisive actions right away as need arises.
You got it straight. Sometimes a corporation's mindset of diversification is getting all big businesses under their control and whatever business it is even unrelated so long it makes scale money. but sometimes you can focus on the business you do best and if you want to diversify you can simply dedicate a portion of your fund in investments with some minority stake in some companies they believe into or maybe a joint venture where they are just straight up financial investor and leave the managing and operating to the other party I heard GE is great in aviation engines and transport infrastructure as well. Anyway only success stories of congolomerate is on these Korean Companies Hyundai and Samsung and both are family run which means the expertise in leadership has built over the years
Flannery got a 10+ million dollar exit package for his services. Award those who fail you? Just take money from the people who actually produce and make the product that makes you money is their mentality. Punish the people who make you money? Doesn't make sense.
It’s funny because the 3 individuals that Jack welsh had on his CEO shortlist ALL failed. The other 2 went elsewhere and became CEOs and failed completely
He sucked, but man… super, super tough window of history to be the CEO of GE. Wouldn’t have taken that gig for all the money in the word, in hindsight.
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Jeffrey Immelt; the genius who blew $150 billion of GE's market cap...
The guy is a fucking moron.
"That was the one I got wrong"
at 14:25. Are you serious ??
Selling GE Capital at the wrong time, buying Baker Hughes at the top of the oil cycle, proclaiming the $2.00 EPS target for 2018 when there was no way that was going to happen, but a theme park ride is the one he got wrong ?
My family lost over 10 million dollars because of this man. Immelt's horrible tenure is directly responsible for the collapse of GE.
I am with GE for 4 years and monitor My CEO - Jeff Immelt performance and I got to say he did average (not good or bad)
Look at John Flannery now? What do you think ???
How could it all go wrong? He's tall. That should be enough. They promote women and tall people. Isn't that what makes for success?
Great interview. Great people. Thx
This guy is a total numpty - he almost ruined GE!
Show me an American conglomerate that has been successful. That's right, I thought so. Berkshire Hathaway is successful because its a collection of totally independent businesses. G.E should have been broken up long time ago. Immelt said it, one day he is solving nuclear disaster and next he has to deal with airlines going bankrupt. GE didn't have focus. He doesn't have expertise in all fields, yet has to take decisive actions right away as need arises.
You got it straight. Sometimes a corporation's mindset of diversification is getting all big businesses under their control and whatever business it is even unrelated so long it makes scale money. but sometimes you can focus on the business you do best and if you want to diversify you can simply dedicate a portion of your fund in investments with some minority stake in some companies they believe into or maybe a joint venture where they are just straight up financial investor and leave the managing and operating to the other party
I heard GE is great in aviation engines and transport infrastructure as well.
Anyway only success stories of congolomerate is on these Korean Companies Hyundai and Samsung and both are family run which means the expertise in leadership has built over the years
Flannery got a 10+ million dollar exit package for his services. Award those who fail you? Just take money from the people who actually produce and make the product that makes you money is their mentality. Punish the people who make you money? Doesn't make sense.
who put him in as ceo is also at fault.
It’s funny because the 3 individuals that Jack welsh had on his CEO shortlist ALL failed. The other 2 went elsewhere and became CEOs and failed completely
GeeWhiz two jet.. explain why you got bonus's from your complicet board for losing money for 17 years?
There is a cap to transfer and to have a cam.
The guy ruined GE and made mistake after mistake. Perfect for politics.
Immelt = WORST CEO EVER
Immelt and other of Welsh’ disciples have been widely discredited as very poor managers. GE is an obvious example but lets not forget Boeing
Mison has line, Zion has line
Everything has an investment, there is a wish, there is a Thai land, sleep.
I guess you can learn what NOT to do here.
The Thai government does not have access to these people.
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I melt is incompetent. He took the most valuable company in the world and turned it into the biggest loser.
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seems like you have been through some high-level crisis in your time, did you solve any?
... good...good!
He sucked, but man… super, super tough window of history to be the CEO of GE. Wouldn’t have taken that gig for all the money in the word, in hindsight.
12:54 WTH?
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I thought as CEO of a great us company he must be very authoritative intelligent etc.... Not very very impressed... I must say
Should have worked on math a little more
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