Hot Seat

 

Jeff Immelt's Hot Seat is a rather sad story about what went wrong at one of the great global corporations. I have been following GE for decades because it was one of the most innovative and diversified companies for decades. Jack Welch was a rock star around many graduate business schools. Welch's succession plans were widely debated in business magazines for a long time. Immelt was one of two likely successors. Now, a couple of decades later, GE is not the same company it was. Immelt's legacy is controversial at the very least.