Thread regarding General Electric Co. layoffs

Agreed totally! Jeff Immelt should be held TOTOLLY accountable for his reign as CEO.

Where on earth does a FAILURE deserve 100's of millions in salary an perks? And, once the company tanks out of control on his watch, decides its 'time to retire' let someone else take the heat. Instead of rubbing his nose in politics during the Obama regime (remember shovel ready job are not so shovel ready) he should have concentrated on doing his job! I wonder if 'Neutron Jack' is proud of his decision selecting Immelt to succeed him...NOT! GE stock before Immelt $60 share.

P.S. Just wanted to add he will be walking away with 220 million dollars in retirement benefits.

That money should be sent back to investors as a penelty for his incompetence.

As per the news today. This is finally happening Jeff, BOD and John will be held accountable for secrecy and manipulations. The problem is John F also comes from old school of bureaucrats, but his intelligence is limited by a circle of trust that he build over the years, just like Jeff did and didn't go too far.

But there is some merit in the class action that GE leadership keep saying $2 dollars earnings until earlier this year is misleading investors. They can play ignorant though.

Probably the only thing I despise more than GE leadership is class action lawyers who try to get rich off the misfortune of working people.

join the class action law suit !

http://www.businesswire.com/news/home/20171101006999/en/Glancy-Prongay-Murray-Files-Securities-Class-Action

Immelt was hiding the truth, both from employees and investors (illegal btw). Is it just coincidence that the quarter in which JI retires is also the quarter where we have the biggest miss in GE’s history, and massive layoffs and restructuring are announced? The BOD retired Immelt to help cover his mismanagement.

What matters is what you can do with it. They are always accountable in both good and bad times.

Yes but fiduciary responsibility and mis-representing the state of the company is against the law and there should be a full investigation and hold those accountable. You don’t go from the state we’re in in just a few months since Flannery came in...total lack of intregrity at the the top.

It is not against the law to be incompetent so the SEC or any other agency has no role here. The only way to hold the board accountable is voting them out, the market votes with the stock price. Employees "vote" by leaving, by what ever form that comes.

1) yes , they should be held accountable

2) will they be ... no. too much collusion by the elite

3) the company has already been destroyed