Why GE’s CEO Succession Plan Was The Exception, Not The Rule
Every CEO knows that being replaced is a potential fate, and the idea that they are more worried about someone on the board than the hundreds of candidates inside and out is ridiculous.
Every CEO knows that being replaced is a potential fate, and the idea that they are more worried about someone on the board than the hundreds of candidates inside and out is ridiculous.
Unimpressed with the slow pace of change and a steady stream of poor financial results, General Electric’s board has removed chairman and CEO John Flannery after just over a year on the job.
Former General Electric CEO Jeff Immelt was unanimously appointed chairman of online health tech platform Athenahealth this week, but don’t expect this to be his final landing spot.
There is no doubt that General Electric’s new chairman and CEO John Flannery is serious about trimming the fat within the organization, with a high volume of corporate job cuts and GE research facility shutdowns expected to be announced next month.
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