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GE CEO Parries Critics —Including Predecessor

Despite missing earnings forecasts, Immelt says he'll stay the course

By Jim O'Neill, Newser User

Posted Apr 17, 2008 1:23 PM CDT

(Newser) – General Electric CEO Jeffrey Immelt faced the music yesterday, as his predecessor, Jack Welch, raked him over the coals on his own cable TV network for missing first-quarter earnings forecasts. Immelt admitted GE “let people down” in downgrading its outlook for 2008, the Wall ... Read full story »

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GE CEO Parries Critics —Including Predecessor

Despite missing earnings forecasts, Immelt says he'll stay the course

General Electric • earnings reports • corporate earnings • Jeffrey Immelt • credit market chaos • Jack Welch

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Revenue and profit dip, scaring analysts

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Net earnings more than double

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