General Electric's (NYSE:GE) CEO, Mr. Jeffrey Immelt, announced his retirement late last week and the stock instantly jumped a couple percentage points. The reason? It's simple, because the financial community lost confidence in Mr. Immelt, and this company, a long time ago. I am on record for saying that Mr. Immelt was just playing the hand that he was dealt, but, in my opinion, it is important for investors to now think about the future instead of the last 16 years because timing is everything. Let me explain.
The Welch Vs. Immelt Debate Continues
My first GE stock purchase was in 2013 so I know little about how Mr. Jack Welch ran this company through the 1980's and 1990's, but I have read a number of case studies (and books) that have detailed his management style and how he positioned this storied industrial company. The one thing that I do know is that Mr. Welch created a tremendous amount of shareholder value during his time as CEO of GE.
