DividendNews - Should Dividend Growth Investors Forgive General Electric? Part 2: The Jeffrey Immelt Era

Should Dividend Growth Investors Forgive General Electric? Part 2: The Jeffrey Immelt Era

Published Jul 19, 2011 on Seeking Alpha

Jeffrey R. Immelt is only the 12th person to serve as leader of General Electric Co. (GE) since Thomas Edison founded the company in 1878. Upon taking over the reins of this great American corporation, Jeffrey R. Immelt faced two difficult challenges: First, he had to fill the shoes of Jack Welch, one of the most respected CEOs in all the world. Second, he took over the reins from Jack with General Electric trading at one of the highest valuations it ever had. The following earnings and price correlated F.A.S.T. Graphs™ looks at General Electric Co. when Jeffrey R. Immelt first took the reins up to just before the great recession of 2008. There are two points that I emphasize with this graph. First, in order to be fair to Mr. Immelt, we should acknowledge that General Electric was significantly overvalued when he took charge.... Read more

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