General Electric (NYSE:GE) CEO Jeff Immelt s book
Hot Seat is naturally drawing attention to the company, and GE s future under current CEO Larry Culp. One of the key questions it raises is the role of luck in management. To be fair, Immelt has been putting much of the blame for GE s downfall on himself, but he s also acknowledging the unfortunate headwinds he suffered during his 2001-2017 tenure. Let s take a look at what happened, and more importantly, what it means for GE investors right now.
A troubled beginning
Immelt certainly had his unfair share of bad luck as CEO of GE. After inheriting a sprawling empire of businesses ranging from NBC, household appliances, and plastics to gas turbines, aircraft engines, and a huge finance arm, GE Capital, Immelt was immediately hit by the impact of the Sept. 11 terrorist attack on aviation.
Author Bio
Matthew is a senior energy and materials specialist with The Motley Fool. He graduated from Liberty University with a degree in Biblical Studies and a Masters of Business Administration. You can follow him on Twitter for the latest news and analysis of the energy and materials industries: Follow @matthewdilallo
Oil prices have been on fire this year, surging by more than 25% and recently topping $60 a barrel. This year s surge has pushed crude oil pricing back above its pre-pandemic levels. Meanwhile, oil s run might not be done since OPEC and other producers are keeping a tight lid on supplies at a time when demand is starting to recover.
Oil Is Surging: These 3 Stocks Would Be Big Winners in an Oil Boom fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.