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...Yet Welch’s reputation started to crumble almost as soon as he handed the reins of GE to his successor Jeffrey Immelt....
...Jeffrey Sonnenfeld, professor at the Yale School of Management, says that in the league of leaders’ handling of crises, from Takata’s exploding airbags to General Motors’ faulty ignition switches, “I give...
...GE insiders said Jeffrey Immelt, the chairman and chief executive, might decide to let different divisions within the industrial unit run independently....
...Jack Welch, who picked Jeffrey Immelt instead of Mr Nardelli as his successor as GE’s chairman and chief executive in 2000, is a senior adviser at Clayton Dubilier & Rice, while David Calhoun, a former GE...
...However, the move by Mr Calhoun, 50, marks the first defection from the inner circle created by Jeffrey Immelt, who took over from Jack Welch as chairman and chief executive in 2001....
...Even though Mr Immelt recently lost one of his closest lieutenants, David Calhoun, to private equity, he claims not to be worried about the competition for talent from buyout funds that can offer large rewards...
...The three new vice-chairmen are Dave Calhoun, Mike Neal and John Rice, who will be non-voting advisers to the board....
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