General Electric Breakup Proof Activist Hedge Funds Aren't Always Needed

April 10, 2015 9:49 PM

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General Electric Breakup Proof Activist Hedge Funds Aren't Always Needed

Jeff Immelt’s re-engineering of General Electric General Electric, his divestiture of hundreds of billions of dollars of assets ranging from mortgages and consumer loans to broadcast media and household appliances, and his reinvestment in core businesses like energy and aviation shows methodical change can happen at America’s largest companies without the hand of activist shareholders.

Immelt’s transformation of General Electric from a wobbly financial services-reliant conglomerate to a focused industrial powerhouse may wind up taking nearly a decade to complete – a similar time-frame to Lou Gerster’s transformation of IBM IBM, Steve Job’s revival of Apple Apple and Ed Breen’s bre...

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