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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (60513)	3/13/2018 2:59:17 AM
From: bruwin	Read Replies (1) \| Respond to of 78958

Several years ago, on this board, I had a go at GE primarily because of their foray into the "financial" market. I believed that they should have stayed with what they knew best. It was my understanding that the decision to move into an area that wasn't part of their usual expertise came about from Jeff Immelt. Immelt went through the GE 'new-CEO-election' process and I understand that he was highly favoured by GE's best known, and probably most successful CEO, John. F. "Jack" Welch. I originally thought that Immelt was a good choice, primarily because of his backing by a man who one could assume knew how to run a company such as GE. However ..... when Immelt took over in 2001 GE was trading in the $50 a share range. GE now trades at about $15, a 70% decline in its share price. That must surely say something about how effective Immelt and his business strategies have been. I believe Immelt received a hefty (and IMO justified) 72% pay cut due to his poor performance at GE ... ft.com