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Industrial Conglomerates Jeffrey Immelt

  • Robert Nardelli, founder XLR-8 and senior advisor at Cerberus Capital Management

    Watching General Electric is painful, said Bob Nardelli, the company's former transportation CEO and power systems CEO.

  • Oct 9- U.S. industrial conglomerate General Electric Co, which major shareholder Trian Fund Management has been pressuring to conduct a more thorough restructuring, appointed the hedge fund's chief investment officer to its board on Monday. Edward Garden will replace Robert Lane, who is retiring due to health reasons after a dozen years as a director, GE said in...

  • Oct 9- U.S. industrial conglomerate General Electric Co, which major shareholder Trian Fund Management has been pressuring to conduct a more thorough restructuring, appointed the hedge fund's chief investment officer to its board on Monday. Edward Garden will replace Robert Lane, who is retiring due to health reasons after a dozen years as a director, GE said in...

  • Oct 9- U.S. industrial conglomerate General Electric Co, which major shareholder Trian Fund Management has been pressuring to conduct a more thorough restructuring, appointed the hedge fund's chief investment officer to its board on Monday. Edward Garden will replace Robert Lane, who is retiring due to health reasons after a dozen years as a director, GE said in...

  • Industrial conglomerate General Electric skidded after announcing more changes in its leadership. Companies that distribute or sell prescription drugs continued to slide following speculation that Amazon plans to get into that business, something the company has not confirmed. "There really is not much leeway there," said Mona Mahajan, U.S. investment...

  • Oct 6- U.S. industrial conglomerate General Electric Co said on Friday it promoted Jamie Miller, who has been the head of its transportation unit, to chief financial officer, replacing Jeffrey Bornstein. The change is the latest since John Flannery took over as company CEO on Aug. 1. "Flannery wants to tell people that he is going to hold people accountable," Scott...

  • BOSTON— General Electric says CFO Jeffrey Bornstein will be leaving the company at the end of the month, the latest executive shuffle at the industrial conglomerate this week. The company said Friday that Jamie Miller, CEO of GE's transportation unit, will take over the CFO job Nov. 1. GE also said two of its vice chairs, Beth Comstock and John Rice, will retire Dec. 31.

  • Oct 6- U.S. industrial conglomerate General Electric Co said on Friday it promoted Jamie Miller to chief financial officer, effective Nov. 1, replacing Jeffrey Bornstein. Earlier this week, GE named CEO John Flannery chairman of the board, three months ahead of schedule, after former CEO Jeff Immelt retired earlier than expected from the chairmanship.

  • NEW YORK, Oct 2- General Electric Co named John Flannery chairman of the board on Monday, three months ahead of schedule, after former CEO Jeff Immelt retired earlier than expected from the chairmanship. Immelt last month took himself out of the running for the CEO job at ride-hailing company Uber Technologies Inc.. In the last two years, Immelt came under overt...

  • Oct 2- U.S. industrial conglomerate General Electric Co's chairman Jeff Immelt retired earlier-than-expected on Monday, with the company naming Chief Executive John Flannery as his replacement. Immelt, who was expected to retire by the end of this year, had resigned as GE's CEO in June amid amounting pressure from activist-investor Nelson Peltz's Trian Fund...

  • Jeff Immelt, former CEO of GE

    CNBC's Morgan Brennan reports General Electric's Jeff Immelt is retiring as chairman earlier than expected.

  • NEW YORK, Aug 31- General Electric Co is making plans to significantly reduce corporate staff in an effort to cut spending and boost profits under its new chief executive, and the company already has halted hiring in certain technology positions, a person familiar with the situation told Reuters. "We have a plan to take out $2 billion in cost by the end of 2018," GE...

  • Travis Kalanick.

    Khosrowshahi was clearly telling the people with the power to hire him that they would have to step off, Recode reports.

  • Dara Khosrowshahi, Uber's pick for CEO, listens during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 4, 2016.

    Picking Uber's new chief executive was anything but straightforward, the NYT reports.

  • SAN FRANCISCO, Aug 28- Dara Khosrowshahi may have been the compromise choice for Uber Technologies Inc's new chief executive. He has satisfied Wall Street with a stock price that has grown more than six-fold during his 12- year tenure. "Dara is a very focused, disciplined adult," said Henry Harteveldt, a travel industry analyst with Atmosphere Research Group.

  • Aug 28- Shares of Expedia Inc fell on Monday after reports that the online travel firm's long-time chief executive, Dara Khosrowshahi, is likely to head Uber Technologies, triggering concerns his exit might hurt the company's growth. Khosrowshahi's departure would come at a crucial time for Expedia, which spent much of 2016 integrating its acquisitions of...

  • Khosrowshahi's departure would come at a crucial time for Expedia, which spent much of 2016 integrating its acquisitions of rival Orbitz Worldwide Inc and vacation rental site HomeAway Inc, J.P. During Khosrowshahi's 12- year tenure, Expedia's share price has increased eight times, while its market capitalization has expanded by $18 billion, RBC Capital...

  • NEW YORK, Aug 28- General Electric Co wants its industrial software business to cut costs and lift profits next year under new chief executive John Flannery, and is considering expanded partnerships and the possible sale of some equity in the unit, according to people familiar with the business. Former chief executive Jeffrey Immelt spent six years and more...

  • NEW YORK, Aug 28- General Electric Co wants its industrial software business to cut costs and lift profits next year under new chief executive John Flannery, and is considering expanded partnerships and the possible sale of some equity in the unit, according to people familiar with the business. Former chief executive Jeffrey Immelt spent six years and more...

  • Aug 27- Uber Technologies Inc on Sunday chose Dara Khosrowshahi, the chief executive of travel company Expedia Inc, as its chief executive, according to two sources with knowledge of the matter, handing him the challenge of leading the ride-services company out of a nearly year-long crisis. He would also have to contend with the legacy of Travis Kalanick, Uber's...