GE's CEO and his stock win a boost after a long dry spell

April 10, 2015 10:38 PM

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April 10 (Reuters) - General Electric Co Chief Executive Jeff Immelt has had a bumpy ride for the past seven years, navigating economic turbulence, swapping in and out of businesses and struggling to energize his sluggish stock.

Immelt unveiled a surprise move to sell off most of GE's finance operations over the next few years, thereby reducing a unit that comprised more than half of the U.S. conglomerate's profits before the 2008 credit crisis down to 10 percent by 2018.

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