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Ex-GE CEO Immelt 'Unhappy' With Perception Of His Time At Helm
Monday, February 22, 2021 - 5:01pm | 389Former General Electric Company (NYSE: GE) CEO Jeff Immelt is author of a new book, "Hot Seat," in which he shares an inside look at his tenure at a former Dow Jones component that fell out of grace with investors. What Happened: Immelt told CNBC's Jim Faber in an interview that...
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Athenahealth Explores Strategic Alternatives As CEO Steps Down
Wednesday, June 6, 2018 - 9:54am | 315Amid a storm of sexual misconduct allegations against its top executive and a takeover attempt by Elliott Management Corp., Athenahealth, Inc (NASDAQ: ATHN) announced Wednesday the immediate resignation of Jonathan Bush as president and CEO and the exploration of strategic alternatives, including a...
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Ken Langone's Inside Account Of General Electric's Blunders
Wednesday, February 28, 2018 - 4:23pm | 553Ken Langone, the co-founder of Invemed Associates and co-founder of Home Depot Inc (NYSE: HD), also served on General Electric Company (NYSE: GE)'s board of directors. He offered his story of how the conglomerate has become a "colossal failure in governance" on CNBC Wednesday....
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Warren Buffett Says He Could Write A Check To Buy General Electric If He Wanted To
Monday, February 26, 2018 - 11:20am | 569CNBC's Jim Cramer said in November that General Electric Company (NYSE: GE)'s old management team led by ex-CEO Jeff Immelt deserves a spot in his "wall of shame." Billionaire investor, former GE shareholder and Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) CEO Warren...
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Cramer Wants GE's Entire Board Added To His 'Wall Of Shame,' Faults Immelt And Flannery
Wednesday, November 15, 2017 - 11:59am | 539Jim Cramer had no issue with telling General Electric Company (NYSE: GE) new CEO John Flannery that he, along with the company's board of directors, had "been had." Cramer doubled down on his stance by adding the entire board of directors to his "wall of shame." What You...
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John Flannery Gives The Inside Story Of GE's Dividend Cut And More
Tuesday, November 14, 2017 - 2:34pm | 811General Electric Company (NYSE: GE) disappointed investors Monday with its investor day presentation that included a 50-percent reduction to the dividend, concerning guidance and a strategy which may imply 2018 will be a "really, really difficult" year. Dividend Cut GE's executive...
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Uber's New CEO Pick Is Out Of Left Field
Monday, August 28, 2017 - 8:23am | 536Jeffrey Immelt, the ex-CEO of General Electric Company (NYSE: GE), was widely expected to accept the vacant CEO spot at Uber. But in a surprise move, the ride-hailing company named Dara Khosrowshahi its new leader. Khosrowshahi, the current CEO of Expedia Inc (NASDAQ: EXPE), was considered to be a...
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Some Of Uber's Shareholders Aren't Confident Immelt Could Handle Kalanick's Wild Side
Friday, August 25, 2017 - 9:12am | 362Jeffrey Immelt, the former CEO of General Electric Company (NYSE: GE), reportedly isn't ready to retire from the business world and wants to take over the vacant CEO spot at Uber. Despite his experience in running a Dow-component global behemoth, he may not have the full support of Uber's investors...
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Cramer Doesn't Understand Why Ex-GE CEO Immelt Would Want To Run Uber
Monday, August 21, 2017 - 12:23pm | 352Ex-General Electric Company (NYSE: GE) CEO, Jeffrey Immelt, is reportedly eyeing the vacant CEO title at the ride-hailing company Uber. But why he would want this job is confusing to some, including CNBC's Jim Cramer. The fact Immelt is considering the CEO job at Uber is an indication that he wasn'...
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Ex-GE CEO Immelt Could Be Heading To Silicon Valley To Run Uber, Report Says
Monday, August 21, 2017 - 8:32am | 395Jeff Immelt didn't have to wait long for a job offer after resigning as CEO of General Electric Company (NYSE: GE) back in June, Recode reported. The executive is now considered to be the front-runner candidate to take over the vacant position of CEO of Uber. Immelt brings to the table the...
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Lloyd Blankfein Loves To Tweet
Tuesday, June 20, 2017 - 9:26am | 418Goldman Sachs Group Inc (NYSE: GS) CEO Lloyd Blankfein joined Twitter Inc (NYSE: TWTR) in June 2011 but had been pretty quiet on the platform -- until a few weeks ago. On June 1, 2017, Blankfein Tweeted for the first time ever on President Trump's decision to withdraw from the Paris climate...
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Is Jack Welch Himself To Blame For GE's Poor Performance Under Immelt?
Friday, June 16, 2017 - 3:05pm | 449General Electric Company (NYSE: GE)'s stock has lost 30 percent since Jeff Immelt assumed the title of CEO back in 2001. But is he to blame for the stock's poor performance? The New York Times has an interesting take on the topic: Immelt inherited a company from Jack Welch that wasn't built to...
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Deutsche Bank Has A Few Questions About GE's Surprise CEO Announcement
Monday, June 12, 2017 - 3:58pm | 447General Electric Company (NYSE: GE) CEO Jeff Immelt will resign effective August 1. The reigns will be handed to John Flannery. Immelt will remain as the company’s chairman through the end of the year. Deutsche Bank analyst John Inch is confident that Flannery is qualified to lead the company...
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Jeff Immelt's Legacy, Or Lack Thereof
Monday, June 12, 2017 - 2:02pm | 392Jeff Immelt took over the top ranks at General Electric Company (NYSE: GE) back in 2001 and replaced one of the most notable executive leaders of all time, Jack Welch. On Monday, it was announced that Immelt will be resigning but will he be leaving with a legacy of success? Since taking over as CEO...
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White House Says The Paris Climate Accord Hurt American Businesses; Do American Businesses Agree?
Friday, June 2, 2017 - 10:29am | 1731It doesn't seem so. In fact, President Donald Trump's decision to withdraw Thursday prompted instant activism or, in many cases, slacktivism by corporate dissenters. Tesla Inc (NASDAQ: TSLA) CEO Elon Musk resigned from three presidential councils in protest, abandoning his previous influence-by-...