A year ago, I was asked to comment, by CHEIF EXECUTIVE MAGAZINE, on whether IMMELT and his team should be fired. I asserted that it was not a good idea to replace Immelt, since IMMELT was the best GE had and t there was no one in the current GE team that could do the job. Since the GE TEAM was all hand picked by Jeff and would likely continue the same strategic plan.
I personally met with IMMELT in JULY 2009 and came away believing he was open and committed to doing what was needed for GE to be come the GREAT company was. For the first few months it appeared that he was doing what a good STRATEGIC leader, in the GE tradition.
IMMELT has done some of the SURGERY that is needed, but it is confuusing to understand why he supported an OBAMA administration which is clearly either doing what is wrong because it is confused or incompetent or is trying to do what will UNDERMINE what the country is built on and wants to REDISTRIBUTE wealth AND destroy the country.
If you read my book THE SECRET TO GE's SUCCESS, you will see that GE has been a political company and was once a SOCIALISTIC oriented company under SWOPE; to a highly conservative creator of RONALD REAGEN... but unlike the IMMELT situation was based on intensive evaluations of what the US needed and how GE could help and benefit. This is a contrast to the current situation where GE, under IMMELT, has backed an adminstration which is clearly FAILING to help the country and is not help GE succeed in using its talents and resources to help the country GROW STRATEGICALLY and create REAL financially strong jobs.
IMMELT has challenged the benefit of investing in CHINA and has added a few hundred jobs to the US, but it still APPEARS TO BE A STRONG PRO-AMERICAN COMPANY.
IMMELT must decide whether it is in favor of SAVING the country or supporting the forces what will undermine it.
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