General Electric: Nothing Changes

I called my dad immediately today as soon as I read that Jeff Immelt, the boss of General Electric (NYSE: GE), had left the company.

"So what?" he replied.

Out

"General Electric has unveiled a management shakeup in which John Flannery will succeed Jeff Immelt as its chairman and chief executive after 16 years at the helm," Seeking Alpha wrote today.

So, Jeff is out, and another GE man is now leading the show.

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