Inside General Electric’s Meltdown

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In March of 2017, Jeff Immelt was in his 16th year as CEO of Gen­er­al Elec­tric and — at least in his head — he was remak­ing the icon­ic con­glom­er­ate into the very mod­el of the mod­ern indus­tri­al com­pa­ny. He was expand­ing the old — GE’s his­toric foot­print in pow­er and avi­a­tion — while embrac­ing a new world of clean ­ener­gy and soft­ware analytics. 

That’s why I am told he was shocked when he read a head­line from a sto­ry in Fox Busi­ness stat­ing he was on the verge of being oust­ed by a friend, the activist investor Nel­son Peltz, because ­Immelt’s …

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