Much that is wrong with GE now is traced back to former CEO Jeff Immelt. But he made a smart bet on real estate, without meaning to.
Nearly everything has gone wrong for General Electric the past few years—particularly the decisions that can be traced back to longtime boss Jeff Immelt. But it turns out that he was, without meaning to be, a pretty savvy real-estate investor.
Back in 2016, GE announced that it was pulling up stakes in Fairfield, Conn., selling its headquarters complex for $31.5 million. The local tax bill was just too high.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jeff Koons's 'Rabbit' leads Christie's spring...Top lots in the Post-War and Contemporary Art category are all expected to sell for between $50-$70 million, and include a steel sculpture in the shape of a rabbit. Rough Cut (no reporter narration).
Read more »
Jeff Gundlach says investors can get rich off interest rate volatility aheadThe bond king isn't sure which way bond yields are headed, but he does see a good bet that they'll move a lot.
Read more »
Jeff Bezos is about to speak publicly about Blue Origin, his secretive rocket companyBlue Origin is hosting a rare event with media in Washington on Thursday. Jeff Bezos is scheduled to speak, but it's not entirely clear what will be discussed.
Read more »
Beto O'Rourke hires Obama delegate chief Jeff BermanBeto O’Rourke has hired Jeff Berman, Barack Obama’s delegate selection director and a delegate strategist for Hillary Clinton in 2016, as senior adviser for delegate strategy
Read more »
Billionaire Jeff Bezos to unveil plans for moon presence, sources sayBillionaire entrepreneur Jeff Bezos will unveil plans on Thursday for missions t...
Read more »
Jeff Glor to bid farewell from 'CBS Evening News' on FridayJeff Glor, the anchor for “CBS Evening News,' will leave the broadcast, according to a CBS source who did not wish to be named.
Read more »
Jeff Bezos unveils new plans for Blue Origin spaceflight: Live updates'It's time to go back to the moon, this time to stay,' says Jeff Bezos. The Blue Origin founder unveiled Blue Moon, a lunar lander that's designed to land on and bounce back off of the moon's surface
Read more »