Thursday, March 5, 2015
Public wants the head of [GE] on a platter.
Jeffrey Immelt is under increasing pressure to step down. But of course, he is not going to go willingly. He will have to be forced out. The con men will have to turn on each other. Problem with that is that the CEO of GE knows where all of the elite skeletons are buried. I think this guy will start a war before leaving willingly. He doesn't care about shareholders or anything else but retaining power. An open war between CEO and large shareholders is never healthy for the share price. It shows that there is disharmony within the elite fraternity. It will be interesting to see how this progresses.
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