Cramer explains why GE's board really booted former CEO John Flannery

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Jim Cramer argues that the former General Electric CEO wasn't removed because of the speed of his turnaround.

Source: Energy Industry News (energyindustrynews.net)

 

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Esse Cramer deve ser um gajo importante

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GE replaces CEO John Flannery; shares rise 15 percentGeneral Electric is making a change at the top, naming Lawrence Culp, former head of tech firm Danaher Corp. to replace CEO John Flannery. Is it ever possible for these companies to put women in their top jobs?
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GE's Flannery steps down as CEO, shares jump 15 percentGeneral Electric Co Chief Executive Officer John Flannery abruptly stepped down ... ABFalecbaldwin still interested? 30Rock What happened to established 5 years process of picking a CEO at GE? I suspect the selection committee is a generation behind the digital age. Analog CEO will never work in this digital age.
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GE Ousts CEO John Flannery in Surprise Move After Missed TargetsGeneral Electric ousted Chief Executive John Flannery after about a year in the job, a surprise move as the conglomerate revealed that deeper problems in its troubled power unit would cause the company to miss its profit and cash targets for the year.
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Cramer: Pay attention to recent insider buying at GE and IBMJim Cramer suggests investors take note of recent insider buying at IBM and GE, along with corporate buybacks at Apple and Berkshire Hathaway. Buy now Amount of attention you should pay to insider buying at $GE $IBM:
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