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General Electric will have to shed more than CEO to boost profits

Nancy Marshall-Genzer Jun 12, 2017
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General Electric will have to shed more than CEO to boost profits

Nancy Marshall-Genzer Jun 12, 2017
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General Electric announced today that its CEO, Jeff Immelt, is stepping down. He’ll be replaced by John Flannery, who had been in charge of GE’s health care division. Shareholders have not been happy with the company’s stock performance under Immelt’s leadership. GE will have to let go of some segments dragging it down.

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