Tag: John Flannery
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?
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.
General Electric chairman and CEO John Flannery’s efforts to streamline his organization and reduce overall structural costs by $3.5 billion in 2017 and 2018 continued with the announcement today that GE Power will cut 12,000 jobs.