Grant’s Current Yield Podcast cover image

Destruction of value

Grant’s Current Yield Podcast

CHAPTER

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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