Former GE boss Jeff Immelt reveals his biggest regrets
CNNNew York CNN Business — Even as General Electric reels, its widely-criticized former CEO Jeff Immelt is lecturing business leaders on how to succeed. “There are things they have to fix, most importantly the business model itself.” Even though many analysts say Immelt deserves at least some of the blame for GE’s downfall, the former boss didn’t take responsibility for the troubles of the iconic maker of light bulbs, jet engines and MRI machines. “Believe me, it wasn’t for a lack of trying,” Immelt said of efforts to get rid of GE Capital. Barron’s named Immelt one of the “World’s Best CEOs” three times and he also sat on advisory panels under both Presidents Donald Trump and Barack Obama. “I remember walking down the hall and thinking, ‘I want my mommy,’” Immelt said to laughter.
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