John Flannery’s sudden ouster at GE after a mere 13 months on the job by a newly constituted board startled many peer CEOs, as well as analysts, investors and employees. When your company hits a bump in the road, will your board have your back—or back you right out the door?
It’s rare for one Jeff to disagree with another, but Sonnenfeld says that Cunningham is wrong: GE’s recent action in firing John Flannery was not a unique, one time succession phenomena. He offers a rebuttal to the notion that these board insurrections are unique.
General Electric announced its slate of director candidates for its 2018 annual meeting of shareholders, including three new faces and board slimmed down from 18 to 12 members.