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Destruction of value

Grant’s Current Yield Podcast

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What's the Biggest Mistake That Jeff Imalt Made?

Jeff Imalt didn't get along with Dennis Naden, and got rid of him, which was a big mistake that Jeff Imalt made. I think one of the biggest mistakes Jeff made was getting rid of GE capital when he couldn't like the fact that it was a SIFI anymore after 2008. It's arbitrage, opportunity had been, you know, competed away to some extent. Jack obviously blew it in the end by choosing Jeff Imalt.

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