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Best-of: William Cohan on GE’s Legacy
Motley Fool Money
How Jack Welch and ML Used GE Capital to Hit Earnings
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Jack Welch took to GE capital like a duck to water. Jeff Immelt was in part unlucky because he started as a CEO on his first day in the office is September 10, 2001. He didn't understand GE capital as well as Jack did and didn't have the same team in place that Jack did. In ML's case, he gave himself maybe loftier expectations, this sort of $2 earnings per share mantra. And Welch was just kind of consistently hitting those earnings numbers.
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