Transcription of Case 15 GENERAL ELECTRIC: LIFE AFTER JACK
{{id}} {{{paragraph}}}
Example: confidence
Case 15 GENERAL ELECTRIC: LIFE AFTER JACK
Case 15 general electric : life AFTER jack * When Jeff Immelt took over as Chairman and CEO of GENERAL electric on September 1, 2001, he had no doubts that his predecessor, jack Welch living legend, best manager of the past half-century would be a tough act to follow. But little did he realize just how tough it would be. When Immelt addressed GE shareholders at the 2002 share owners annual conference on April 24, 2002, GE s share price was below $33, compared with a peak of $60 in August 2000. GE was suffering from external events such as the global economic slowdown of 2001 and the fallout from the September 11 terrorist attacks in the US, but the primary problem was a rise of tide of skepticism over GE s spectacular performance. In February 2002, GE announced record earnings for the previous year net income was up 11 percent over the previous year and return on equity was a robust 26 percent. However, the post-Enron wave of cynicism over corporate financial reporting had dawn GE into its wake.
Case 15 GENERAL ELECTRIC: LIFE AFTER JACK* When Jeff Immelt took over as Chairman and CEO of General Electric on September 1, 2001, he had no doubts that
Loading..
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: