I suspect, though, that the problems at GE are not necessarily of Immelt's making. I have been leery of Jack Welch, the self-promoting jack ass who used to head GE before Immelt and I suspect a lot of its problems can be traced down to policies that had their genesis under him.
To: email@example.com; firstname.lastname@example.org
Date: Mon, 9 Mar 2009 20:32:27 +0530
Subject: [cet86] GE pushed to the wall, humbled !!
Nobody thought this would happen to the giant General Electric ... The AAA credit rating giant is now humbled as never before, the last time it cut its dividend by two thirds as it did this time was during the depression of 30s.
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