John Rice and Beth Comstock has "decided to retire" amd Jeff Bornstein has "decided to leave GE".
14 replies (most recent on top)
Beth Comstock .... exhibit A of the failure of affirmative action. Failure for the company but a total success for her bank account
Not all that long ago, 'Economagination' was dominating in Aircraft Engines, Transportation, Power Generation, Water, Industrial Systems... Across the GE portfolio the company was innovating, the share price was regaining its former glory... Simply to maximize the top leaders' share options before their careers ended, they began selling the company down the drain. If GE survives, it will be a shadow of former self, and will make the history books in the university management training studies for what NOT to do.
It’s a sign of the GREAT GE of the past is gone! No more pensions, lower wages, no more career just a job! Next more layoffs and freezing the pension!!
This place is a house of cards. Once it starts to fall there's no stopping. Get ready to crash 'n burn.
It's amusing to see legacy GE death spiral. You talk the talk about the customer, but you don't walk the the walk. The customer is always 2nd or 3rd to the GE investor.
Time to cut the fat at grc too. What a craphole, all those fake ebands with zero accountbility and business experience. Jeff grew that place just to be a showcase for investors.
Cutting these executives is only the beginning. Watch as leadership and buddy networks begin to crumble. Many more will be leaving soon.
😂😂😂😂
Well done Flannery.
Great step to fix the broken leadership. Beth was inspiring but done nothing to improve the company, all others are there for entitlement and Ofcourse Susan Peters is the Chief failure of leadership in building bureaucracy all the way down to millions of SP bands hurting my stock price.
Could be that Flannery is simply replacing Immelt's lackeys with his own crew, and these positions will soon be filled by another bunch of incompetent climbers. Regardless, nobody in the company will miss these parasites. Good riddance... I hope Susan Peters is next.
I see that holy crap, Bernstein leaving as well. Bout time for all three !
She is going to write a book...I hope its about how to s--- millions from a company...ill write the introduction.
Fired vs. quit