GEs Immelt Sees Divestitures in 2015

The video covers several business stories: Blackstone is spinning off its investment banking division to merge with PJT Partners, with Steve Schwarzman becoming the largest shareholder. GE's CEO Jeff Immelt discusses ongoing divestitures to refocus on industrial roots, including selling its appliances division. Darden Restaurants loses a board battle to Starboard Value, which replaces the entire board after a controversial sale of Red Lobster. Lastly, Dave and Buster's successfully raises $94 million in its IPO, listing on NASDAQ.

What is Blackstone's strategy for its investment banking division?

• Expanding it globally

• Merging it with PJT Partners

• Closing it down

• Selling it to a competitor

What is Jeff Immelt's goal for General Electric?

• To expand into new markets

• To focus on consumer electronics

• To acquire new businesses

• To return to its industrial roots

What major change did Starboard Value achieve at Darden Restaurants?

• Merging with another restaurant chain

• Replacing the entire board

• Launching a new menu

• Acquiring Red Lobster

What was the outcome of Dave and Buster's IPO?

• It was postponed

• It raised $94 million

• It was canceled

• It was undervalued

What was the reaction of Darden's shareholders to the sale of Red Lobster?

• They were opposed

• They initiated a lawsuit

• They were indifferent

• They supported the decision