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GE’s Immelt – Hold on Loosely

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Reuters are reporting the New York Post has sources that state Jeffrey Immelt, CEO and Chairman of the Board of Multinational super conglomerate conglamarate conglamorous Corporation General Electric (NYSE:GE) has 6 months to shape up or ship out.

Jeff’s come under a lot of heat for two major reasons. One: GE’s stock has been flat since Immelt took over from infamous CEO Jack “Neutron Jack” Welch and Two: Slipping up on an earnings estimate that was “in the bag”.

How does Jeff attempt to redeem himself? …more

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Written by skepticalsinner

July 8, 2008 at 10:23 am

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