Jeffrey Immelt Faces More ‘Hours of Doom’ With GE Dividend Cut - Bloomberg

By admin | February 28, 2009

Jeffrey Immelt Faces More ‘Hours of Doom’ With GE Dividend Cut
Bloomberg
Before the credit crisis began in 2007, he sold the US subprime mortgage business, which catered to the least creditworthy borrowers. Early in his tenure, he shed all of GE’s insurance divisions. He also put the private-label credit card unit on the …