Sunday, March 27, 2016

You can teach old dog new tricks

GE stock price growth is +21% in the last 12 months while S&P 500 is -2%. How does a 124-year-old company try to pivot to a Silicon-Vally-like startup? Unlike the previous flamboyant CEO, Jack Welch, the current low-key CEO, Jeff Immelt, will pursue the goal to push GE into top 10 software companies in 2020. A tall order for a legacy company.   http://www.bloomberg.com/news/articles/2016-03-17/how-ge-exorcised-the-ghost-of-jack-welch-to-become-a-124-year-old-startup

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