General Electric, the storied American manufacturer that struggled under its own weight after growing to become a sprawling conglomerate, will divide itself into three public companies focused on aviation, health care and energy. “The strategic rationale is clear: three well-capitalized, industry leading public companies, each with deeper operational focus and accountability, greater strategic flexibility and tailored capital allocation decisions,” wrote …
New 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 …