Word: immelt
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Jeffrey R. Immelt became CEO of General Electric (G.E.) on September 7, 2001. Four days later, the world changed...
...Immelt had just inherited the reins of what is, by market capitalization, the world’s largest company—and from one of the most venerated of industry captains no less: corporate management guru Jack Welch...
Almost four years later, having carried the company through a weak economy battered by corporate scandals and a lack of consumer confidence, Immelt has survived, albeit sustaining a sharp plunge in G.E.’s market value since...
...time Immelt took over from Welch in 2001, he had shadowed the legendary CEO for nine months and beaten two other people...
Benson P. Shapiro, McNair professor of marketing, emeritus, at the Harvard Business School (HBS), explains the contrast between Immelt and his predecessor Welch...