Jeff Immelt says perception of his time as GE chief executive unfair and incomplete
Jeff Immelt told CNBC on Monday the perception of his time as CEO of General Electric has been unfair and incomplete. And I think it's hurt a lot of people," Immelt said, while explaining why he wrote a book about his tenure leading the industrial giant. Immelt navigated GE through the aftermath of the Sept. 11, 2001, terrorist attacks and the 2008 financial crisis. Immelt came under fire by critics for what they called poor leadership decisions as CEO that left GE cash-strapped. On his way out the door in 2017 at GE, Immelt found himself defending the company's practice of having an empty business jet follow his corporate plane on several trips around the world.cnbc.com
Final goodbye: Recalling influential people who died in 2020
The world also said goodbye to U.S. Rep. John Lewis, a lion of the civil rights movement who died in July. Other former political figures who died this year include Egyptian leader Hosni Mubarak, New York Mayor David Dinkins, Arizona Gov. Here is a roll call of some influential figures who died in 2020 (cause of death cited for younger people, if available):___JANUARY___David Stern, 77. The guitarist who supplied the scratching, seething sound that fueled the highly influential British punk band Gang of Four. He fused African rhythms with funk to become one of the most influential musicians in world dance music.
General Electric CEO Larry Culp: Jack Welch's legacy and influence still 'loom very large' at GE
General Electric Chairman and CEO Larry Culp told CNBC on Monday that the legacy of Jack Welch remains present at the company. "As we look around the company today, his memory and his influence certainly loom very large for us," Culp said on "Squawk on the Street." GE was removed from the blue chip Dow Jones Industrial Average in June 2018, a few months before Culp took over. Despite no overlap in their tenures at GE, Culp said the two had crossed paths. Welch also had a direct question for Culp, shortly after Culp took the reins at the embattled industrial giant.cnbc.com