Fire Immelt
Posted: Sun Jun 07, 2009 9:53 am
Sadly, it appears that G.E., once one of the most innovative multi-national corporations contributing to global industrialization, has been hijacked by Chairman/CEO Jeffrey Immelt who's "Helmsleyish" vidictiveness and penchant to silence critics appears to have become his legacy.
From the silencing of critic's microphones at this year's shareholder's meeting, to scheming with sub-corp NBC's Zucker to spin their reporting to benefit policiticians who promote legislation financially beneficial to G.E., to now banning all G.E. corporations from doing business with media outlets critical of Immelt and his policies, Immelt has become the corporate equivalence of a petty third world dictator.
Under Immelt's "leadership", he has taken one of the most stable, influential corporations ON OUR PLANET, and trashed it's value, with a 52 wk devaluation from $30/share to at one point $5 (now, back to $13), yet rather than focusing on market and debt restructuring to salvage the G.E. portfolio, Immelt has adopted a policy of spinning news and silencing critics.
The message is clear, yet like others in power right now, despite overwhelming indicators that management has run amuck and needs to be replaced, the G.E. Board is cowering in fear allowing this self-destructive megalomainiac to destroy a once-great corporation.
(interesting chronicle of recent Immelt games...)
http://www.deadlinehollywooddaily.com/e ... hollywood/
From the silencing of critic's microphones at this year's shareholder's meeting, to scheming with sub-corp NBC's Zucker to spin their reporting to benefit policiticians who promote legislation financially beneficial to G.E., to now banning all G.E. corporations from doing business with media outlets critical of Immelt and his policies, Immelt has become the corporate equivalence of a petty third world dictator.
Under Immelt's "leadership", he has taken one of the most stable, influential corporations ON OUR PLANET, and trashed it's value, with a 52 wk devaluation from $30/share to at one point $5 (now, back to $13), yet rather than focusing on market and debt restructuring to salvage the G.E. portfolio, Immelt has adopted a policy of spinning news and silencing critics.
The message is clear, yet like others in power right now, despite overwhelming indicators that management has run amuck and needs to be replaced, the G.E. Board is cowering in fear allowing this self-destructive megalomainiac to destroy a once-great corporation.
(interesting chronicle of recent Immelt games...)
http://www.deadlinehollywooddaily.com/e ... hollywood/
