Jeff Immelt on What Went Wrong at GE

The transcript discusses the challenges faced by a major company, reflecting on leadership decisions and relationships, particularly with Jack Welch. It critiques the handling of the power business and the Alstom deal, acknowledging personal accountability. The narrative also covers the leadership transition to John Flannery, highlighting the challenges he inherited and the strategic decisions made.

What were some of the challenges faced by the company during the speaker's tenure?

• Lack of good initiatives

• Overwhelming market success

• Multiple recessions and stock price lag

• Excessive value from GE Capital

How did the speaker describe his relationship with Jack Welch?

• He always disliked him

• He respected him despite some disagreements

• He considered him a close friend

• He never mentioned him

What was the speaker's main criticism of Steve Staples?

• Not telling the whole story

• Running the power business poorly

• Being too lenient

• Ignoring the speaker's advice

What was the speaker's reflection on the Alstom deal?

• It was easy to manage

• It was a perfect decision

• He should have walked away

• It had no impact on the company

What challenges did John Flannery face as the speaker's successor?

• No significant issues

• Immediate success

• A set of unforeseen challenges

• A smooth transition